SAN FRANCISCO: In a bid to foray into the competitive social media market, Microsoft may acquire popular chat and communications platform Discord for more than USD 10 billion, the media reported.
The news came as Discord raised USD 100 million in December last year at a USD 7 billion market valuation.
According to a GamesBeat report, Discord is "going through a sales process now that could result in a purchase of the communications and chat platform for much more than USD 10 billion". "One of the sources said the company has signed an exclusive acquisition discussion with one party, meaning it is in final negotiations about a sale", the report said late on Monday.
Popular among teenagers globally including in India, the chat and communications platform currently has 140 million monthly active users (MAUs) - double the number it had a year ago. Discord connects game companies with their fans in audio and text chat communities. Discord was publicly launched in May 2015 under the domain name discordapp.com.
Microsoft announced in April 2018 that it will provide Discord support for Xbox Live users, allowing them to link their Discord and Xbox Live accounts so that they can connect with their Xbox Live friends list through Discord.
According to media reports, Xbox chief Phil Spencer is said to be talking to Discord about the potential deal.
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