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Technology Stocks : Microsoft Corp. - Moderated (MSFT)

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From: Sr K	3/25/2021 8:55:40 PM
	1 Recommendation Recommended By Don Green of 19773

Microsoft Is in Exclusive Talks to Acquire Discord Deal valuing chat app at $10 billion or more could be completed next month Originally favored by gamers, San Francisco-based Discord offers voice, text and video chatting. PHOTO: TIFFANY HAGLER-GEARD/BLOOMBERG NEWS By Updated March 25, 2021 7:56 pm ET Microsoft Corp. is in advanced talks to acquire messaging platform Discord Inc. for $10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings. Microsoft and Discord are in exclusive talks and could complete a deal next month, assuming the negotiations don’t fall apart, the people said. Originally favored by gamers, San Francisco-based Discord offers voice, text and video chatting. The platform’s popularity has surged since the pandemic took hold as people stay home and connect online—as has that of other chat services, like Facebook Inc.’s WhatsApp and Signal Messenger LLC. Discord has been considering an IPO. Microsoft, which has a market value of more than $1.7 trillion, has been on the hunt for an acquisition that would help it reach more consumers. Last summer, it held talks to buy the popular video-sharing app TikTok amid a high-profile geopolitical standoff prompted by the Trump administration, before abandoning the effort. Excerpt

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