Discord Ends Deal Talks With Microsoft
By Sarah E. Needleman and Cara Lombardo
Chat startup Discord Inc. has halted talks to sell itself to
potential suitors including Microsoft Corp., according to people
familiar with the matter, as it resumes interest in a potential
initial public offering down the line.
Microsoft had been in advanced talks to acquire Discord for at
least $10 billion, The Wall Street Journal reported last month.
Those talks ended without a deal, though it is possible they could
be rekindled in the future, some of the people said.
Microsoft, whose market value Tuesday stood at nearly $2
trillion, has been on the hunt for acquisitions that would help it
reach more consumers.
Discord fielded interest from at least three companies about a
deal, some of the people said. They said Discord is performing well
and prefers to stay independent at this time.
Write to Sarah E. Needleman at firstname.lastname@example.org and Cara
Lombardo at email@example.com
(END) Dow Jones Newswires
April 20, 2021 13:28 ET (17:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.