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| Discord rejects Microsoft's acquisition |
According to Reuters, the San Francisco-based messaging platform has completed acquisition negotiations with Microsoft, and it appears Discord has no interest in selling to another company.
The chat service is already said to be in talks with other companies like Amazon and Epic Games, but it appears to have completed all of the acquisition negotiations, at least for now.
It plans to focus on expanding its business as an independent company, building a chat platform, and making money from the rapidly growing user base during the pandemic. You're still thinking of bringing it up to the public, but that hasn't happened yet.
Reuters reported in March that Microsoft was negotiating the acquisition of Discord for more than $ 10 billion.
During the coronavirus pandemic, social media has boomed as people increasingly use the internet for activities ranging from gambling to investing.
Allowing public and private groups to meet and chat using text, audio and video, Discord has grown from a gaming club to all types of communities, including sports fans, bands and music lovers. Cryptocurrency investors.
The company has more than 140 million users and its business model stands out in the social media space where many tech companies (such as Facebook and Twitter) rely on ads for most of their sales.
Discord revenue rose last year to $ 130 million, up sharply from about $ 45 million in 2019, but Discord has yet to achieve profit.
The platform generates most of its revenue from the Premium Nitro subscription, which costs $ 9.99 a month or $ 99.99 a year. Features include: Special icons and enhanced video resolution.
Discord raised $ 100 million worth about $ 7 billion in a private donation round last December.
After Microsoft's failed TikTok bid last summer, it was in the takeover stage last summer.
That year, the software giant acquired gaming company Zenimax for about $ 7.5 billion and audio technology company Nuance Communications for about $ 16 billion.