Discord Reportedly Rejects Microsoft’s $12 Billion Acquisition Offer
Microsoft was reported to be in negotiations with Discord about purchasing the company in a $12 billion transaction. According to unidentified sources familiar with Bloomberg, the transaction may have fizzled out.
Bloomberg had previously hypothesized that Discord would leave money on the table in order to pursue an IPO and previously reported that Discord was in talks with a number of companies, including Epic Games and Amazon.
However, according to a separate VentureBeat article, Discord was in exclusive acquisition talks with an unidentified group, which may very well have been Microsoft.
It’s worth noting that neither Discord nor Microsoft have issued an official statement or even implied acceptance of the unverified claims.
For gamers who were frustrated with in-game communication, Discord was created as a VoIP solution for competitive gaming. However, over the course of its six-year lifespan, it has evolved to include a variety of gaming and community-centric solutions.
Discord is primarily a messaging and streaming platform that adds value by allowing technically savvy users to build highly customized discussion servers covering a wide range of topics.
Discord has also dabbled in the sale of digital games.
Although declining a $12 billion acquisition offer could seem to be a bad move, Discord has a long-term strategy for could the brand.
The company occupies a unique role at the intersection of geek-centric social media and a video game content distribution network.
Discord’s hobby and community-focused discussion servers have proven to be a viable substitute for Reddit.
The IPO gamble taken by Discord shows that the company is confident in its strategic path and long-term viability.
Raising money through public stock offerings helps management to keep control of the company’s destiny while also getting the funding it needs to realize its potentiality in the wider market.
Mehjabin Zaman Mahee
Subscribe for newsletter
* You will receive the latest news and updates on your favorite celebrities!
Google is Giving free Classes for Women Entrepreneurs
With an aim to help women to find a better job, make advance their career growth, and to grow their…
SAU On Campus Hult Prize 2021 Final Round Will Be Held Tomorrow
Sylhet Agricultural University is in the running for the Hult prize competition 2021. SAU On Campus Hult Prize 2021 final…
Digital World 2020: Only 1 Day Left for Registration!
T he seventh edition of the three-day digital world from December 9 to 11 is going to organize by the…
E-commerce and F-commerce in Bangladesh During Covid-19
F-commerce (Facebook-commerce) has been a growing field for the last couple of years. The emergence of F-commerce in Bangladesh came as a…
Two Global Tech Giant Google and Amazon Register for Business in Bangladesh
Two Global tech giant Google and e-commerce company Amazon have filed for Business Identification Numbers (BIN) in Bangladesh for the…
Amazon Buys MGM for $8.45 Billion
The e-commerce giant Amazon’s biggest entertainment acquisition will be Metro Goldwyn Myer(MGM). Jeff Bezos’s Amazon buys MGM for $8.45 billion,…
Zeta Becomes a Unicorn with $250 Million Softbank-led Funding
Zeta, a startup that helps banks and fintech firms launch products, now is the newest farm to join the coveted…
EWU Hult Prize 2021 On Campus Grooming Sessions Held
After registrations ceased on the 21st of December 2020, a total of 11 enthusiastic and determined teams moved on to…
3rd Asia Pacific Forum on Youth Leadership, Innovation and Entrepreneurship 2020
In today’s world, youth leadership programs have gained massive response and significance. The youth of today are better interconnected, creative,…
Startup Chattogram Incubation Opening Ceremony Has Happened
The Startup Chattogram Incubation opening ceremony has happened. In recent years, the ICT Division of Bangladesh has started taking initiatives…