Discord is reportedly rejecting the Microsoft deal

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Discord ends talks to sell itself to Microsoft or other companies, the Wall Street Journal reportsThe popular online chat app was reportedly in talks to sell to Microsoft in March, at a price that put Discord at more than $ 10 billion.

The Wall Street Journal writes that Discord has been in talks with at least three other companies, but has decided to remain independent because it “is doing well”. Discord has about 140 million monthly users and made about $ 130 million in revenue in 2020, but is still unprofitable, according to WSJ

Microsoft’s interest in Discord had a lot to do with the latter’s role as a home for online communities. The app is a destination for creators who cultivate their own forums, as well as homegrown groups who focus on video and table role-playing. Outside of its Xbox and Surface devices, Microsoft doesn’t have a great consumer-centric way of being a part of most people’s everyday lives. It has opened up Teams for personal use, but Discord has built-in familiarity and doesn’t read like business software. The Wall Street Journal writes that both Discord and Microsoft are still open to renewed talks, but for now, Discord is going its separate ways.