Discord ends talks with potential buyers, including Microsoft
Videogame-focused chat startup Discord Inc. has ended talks with potential buyers, including Microsoft Corp. MSFT, -0.19%, and has instead resumed its interest in an eventual initial public offering, according…
From the Biotech Insider archive. This article dates from Apr 21, 2021 and is preserved as first published.
Videogame-focused chat startup Discord Inc. has ended talks with potential buyers, including Microsoft Corp. MSFT, -0.19%, and has instead resumed its interest in an eventual initial public offering, according to a report in The Wall Street Journal on Tuesday.
19%, and has instead resumed its interest in an eventual initial public offering, according to a report in The Wall Street Journal on Tuesday.
The report, which cited people familiar with the matter, comes a month after Bloomberg reported that Microsoft was in discussion to buy Discord in a deal valuing the startup at more than $10 billion. On Tuesday, the WSJ report said Discord had fielded interest from at least three companies about a buyout deal, but as Discord has been performing well it preferred to stay independent, at this time. Microsoft’s stock slipped 0.2% in afternoon trading, erasing an earlier intraday gain of as much as 0.6%. It has climbed 16.2% year to date, while the Dow Jones Industrial Average DJIA, -0.75% has gained 10.4%.
