Microsoft Corp. is in advanced talks to acquire messaging platform Discord Inc. for $ 10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings.
Microsoft and Discord are in exclusive talks and can complete an agreement next month, provided the negotiations do not fall apart, the people said.
Originally favored by gamers, San Francisco-based Discord offers voice, text and video chat. The platform’s popularity has risen since the pandemic took hold when people stay home and connect online – as have other chat services, such as Facebook Inc.’s WhatsApp and Signal Messenger LLC. Discord has considered an IPO.
Microsoft, which has a market value of more than $ 1
VentureBeat reported this week that Discord was investigating a sale and had entered into exclusive discussions with an unnamed suitor.