Rumors about Discord’s potential selling off to Microsoft comes to a close as the renowned messaging platform carries on considering an IPO.
The Wall Street Journal has been informed by sources that the messaging app’s discussions with the linked tech giant have come to an end without either of the companies closing in on any deals. Despite this, however, the likeliness of revisiting other possible agreements in the future is reportedly still present.
The well-known chat app was valued at $7 billion last year, thanks to having attracted over 100 million regular users, a large population of which are streamers and video gamers, although the platform has been working to bring more diversity into its user base.
According to The Hill, it was March 2021 that first saw talks about Microsoft’s plans to take over Discord. The Journal additionally mentioned that the tech giant itself has been looking to expand its user base. In 2020, Microsoft actually entertained the idea of buying TikTok around the time that former U.S. President Trump’s administration threatened to block access to the widely popular video-sharing app due to controversial security issues.
Better luck next time
Apparently, though Discord’s talks with Microsoft are currently at a halt, the messaging app is still considering an initial public offering (IPO).
Further information from The Wall Street Journal’s sources have reported that Discord has been testing the waters with at least three different companies who have made their own sets of offers as well. For the time being, however, it is safest to assume that the messaging app would prefer to remain independent.
The Journal stated that there was a decision made by Discord last month that would aid in facilitating an IPO, should the right time arise. This move resulted in the hiring of Tomasz Marcinkowski, former executive to Pinterest, as the messaging app’s first ever finance chief.
The struggle to stay on top of the game
It also noted that Microsoft discontinued attempts to develop its own streaming service for video games last year upon coming to the conclusion that it simply would not be able to get on par with competitors such as Youtube, Twitch, and Facebook Gaming–all of which have been well established for quite some time now.
Discord is at its own unique advantage, as plenty of its users have expressed favor towards its higher-quality audio and extensive array of features, such as allowing private and public groups to get together through simultaneous audio, video, and text chat; this makes it very much ideal for today’s growing number of gamers, music groups, investors, sports enthusiasts, and more.
Quite frankly, it’s now plain to see why the messaging platform is so sought after by multiple companies, tech giants included.
Users of Discord and Microsoft have had varying opinions on the possibility of this deal since news of it first began to circulate. To others who have been rather concerned about it, the end to this talk is likely quite a relief. Those who are glad to get back to enjoying the messaging platform in peace without worrying about any sudden changes or takeovers might enjoy its premium features better on a Black Shark 3 Gaming 5G Phone or with a Bose QuietComfort 35 Series 2 Gaming Headset.