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Home Technology

Microsoft Close to Acquiring Chat Platform Discord for $10 Billion

The tech giant is on the way to be a prominent player in video game space

The Global Economics by The Global Economics
March 24, 2021
in Technology, Trending
Reading Time: 1 min read
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Microsoft Close to Acquiring Chat Platform Discord for $10 Billion

Microsoft Close to Acquiring Chat Platform Discord for $10 Billion

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Technology giant Microsoft Corporation is set to acquire Discord, a popular Slack-like video-game chat community, for over $10 billion.   

According to reports, Discord has been in talks with potential buyers and Microsoft is one of them, although the deal isn’t public. 

Microsoft is planning to expand its gaming business and Discord acquisition would be the latest and biggest fit with the company’s existing businesses, following the purchase of ZeniMax last year and the popular game “Minecraft” in 2014. 

Adding Discord to the likes of Microsoft’s Xbox Live Service and its subscription-based Game Pass Service would be highly beneficial for the tech giant, making it a big player among the rivals.

The chat platform is supposedly in talks with Amazon and Epic Games on a similar deal. As reported by Venturebeat on March 22, several companies were interested in buying Discord. 

In a funding round led by Greenoaks Capital last year, Discord had raised $140 million that raised its valuation of $7 billion. With over 100 million monthly active users, the platform is easily the default social network for video gamers.

Tags: amazonDiscordGreenoaksMicrosoftMicrosoft AcquiringMinecraft
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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