Microsoft in talks to acquire VoIP platform Discord for USD 10 billion
Category: #tech  | By Mateen Dalal  | Date: 2021-03-24 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Microsoft in talks to acquire VoIP platform Discord for USD 10 billion

Microsoft Corp., an American multinational technology giant is in talks to acquire Discord, gaming-focused VoIP and chat software for over USD 10 billion, cited sources aware of the development.

Discord was reportedly seeking a USD 10 billion-plus sale after several potential buyers showed interest. Moreover, the VoIP platform company had signed an exclusive acquisition discussion agreement with one of the parties, implying an imminent contract.

The deal isn’t set in stone, however, and with sources claiming that Discord would be more likely to go public than entreat an acquisition. If rumors have it, Amazon Inc. and Epic Games Inc. have also been in discussions with Discord in the recent past.

Discord had secured over 140 million monthly users and recorded around USD 130 million in revenue last year. However, the company isn’t yet profitable according to some sources.

Discord had raised around USD 100 million during a funding round in December, augmenting the company’s previous valuation to USD 7 billion.

Although the gaming and chat software is free for most users, Discord charges USD 9.99 monthly for Nitro subscriptions that include additional features like extra sticker packs, higher resolution screen sharing, and larger upload limits.

Further elaborating on Microsoft’s conquests, the company has recently rebranded Xbox Live, its online multiplayer gaming service, to Xbox Network. The technology giant is planning to remove subscription requirements for free games on Xbox Network in the upcoming months.

As a result, games such as Fortnite will not require a subscription to Xbox Live Gold, sources claimed.

Meanwhile, the technology giant is also expected to make an official statement in the coming days, to provide more details as to what exactly the rebranding would entail.

The potential acquisition of Discord, as well as the Xbox rebranding, could boost Microsoft’s business aspirations to meet the rapid pace of innovation in the gaming industry.

Source Link –

https://www.theverge.com/2021/3/22/22345792/microsoft-discord-acquisition-report-10-billion

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Hyundai Motor Company & Advent sign JDA to develop fuel cell technology

Hyundai Motor Company & Advent sign JDA to develop fuel cell technology

By Mateen Dalal

Hyundai Motor Company and Advent Technologies have entered into a joint development agreement, following the assessment of Advent’s Proprietary Membrane Electrode Assembly (MEA) technology. The evaluation was focused on the ability of Advent&rs...

Intellect chooses IHH Healthcare to devise mental health programs

Intellect chooses IHH Healthcare to devise mental health programs

By Mateen Dalal

Intellect, a leading mental health platform located in Singapore, has reportedly announced a partnership with IHH Healthcare, which is Asia’s largest private healthcare group. The main objective of the partnership is to introduce and customize ...

Dyson compensates employees with onetime payment in absence of bonus

Dyson compensates employees with onetime payment in absence of bonus

By Mateen Dalal

Dyson, a British company renowned for its innovative vacuum cleaners, hair dryers and other products, is reportedly offering a majority of the staff at its Singapore headquarters a one-time payment, in recognition of their exceptional contribution. ...