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Microsoft in talks to acquire Discord for over $10B: Report
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San Francisco, March 23 (TIWN) In a bid to enter the competitive social media market, Microsoft may acquire popular chat and communications platform Discord for more than $10 billion, the media reported.
According to a GamesBeat report citing sources, Discord is "going through a sales process now that could result in a purchase of the communications and chat platform for much more than $10 billion".
"One source said the company has signed an exclusive acquisition discussion with one party, meaning it is in final negotiations about a sale", the report said late on Monday.
The news came as Discord raised $100 million in December last year at a $7 billion market valuation.
Popular among the teenagers globally including in India, the chat and communications platform currently has 140 million monthly active users (MAUs) — double the number it had a year ago.
Discord connects game companies with their fans in audio and text chat communities.
A spokesperson for Discord "declined to comment on rumours or speculation". Microsoft also did not comment on the report.
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