Chat startup Discord Inc. has stopped talks to sell itself to potential suitors including Microsoft Corp, as it remains interested in a potential initial public offering down the line.Microsoft had been in advanced talks to obtain Discord for at least $10 billion, The Wall Street Journal reported last month. Those talks resulted in no deal, though it is possible they could be renewed in the future.Microsoft, whose market value on Tuesday stood at almost $2 trillion, has been on the hunt for acquisitions that would help it reach more consumers. Last summer, it explored a bid to acquire parts of the video-sharing app TikTok amid a high-profile geopolitical standoff prompted by the Trump administration.Discord fielded interest from at least three companies regarding the deal. They stated that Discord is performing well and would rather stay independent at this time.
Discord Ends Deal Talks With Microsoft
Published by
November 28, 2024
(GMT+2)
WHAT TO READ NEXT
No items found.
STOCK ANALYSIS
MARKET OVERVIEW
SIMILAR NEWS
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital.
www.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
Read our Forms & Disclosures.
Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.