Canada markets close in 16 minutes
  • S&P/TSX

    20,370.12
    +40.39 (+0.20%)
     
  • S&P 500

    4,423.67
    +21.01 (+0.48%)
     
  • DOW

    35,017.84
    +225.17 (+0.65%)
     
  • CAD/USD

    0.8002
    +0.0030 (+0.38%)
     
  • CRUDE OIL

    68.98
    +0.83 (+1.22%)
     
  • BTC-CAD

    51,065.43
    +1,238.20 (+2.48%)
     
  • CMC Crypto 200

    1,004.70
    +28.80 (+2.95%)
     
  • GOLD FUTURES

    1,807.20
    -7.30 (-0.40%)
     
  • RUSSELL 2000

    2,232.04
    +35.72 (+1.63%)
     
  • 10-Yr Bond

    1.2170
    +0.0330 (+2.79%)
     
  • NASDAQ

    14,870.53
    +90.00 (+0.61%)
     
  • VOLATILITY

    17.47
    -0.50 (-2.78%)
     
  • FTSE

    7,120.43
    -3.43 (-0.05%)
     
  • NIKKEI 225

    27,728.12
    +144.04 (+0.52%)
     
  • CAD/EUR

    0.6757
    +0.0025 (+0.37%)
     

Discord reportedly won't sell itself to Microsoft (or anyone else)

·Contributing Writer
·1 min read

It seems Discord is no longer interested in selling itself to another company. Discord was said to be in exclusive talks with Microsoft over a deal worth at least $10 billion, but those have ended, according to the Wall Street Journal.

The chat service was reportedly in discussions with other companies, but it appears to have ended all acquisition talks, at least for now. WSJ reports that Discord will remain independent for the time being as it's seemingly doing well. Although the company might re-open talks with potential suitors, it's rumored to once again be considering an initial public offering.

Like other services centered around communication, Discord's popularity surged amid the COVID-19 pandemic. Many new users turned to the app to stay in touch with friends and family over text chats and voice and video calls.

Discord had around 140 million monthly users as of March, according to the WSJ. The company is said to have generated revenue of $130 million last year, a significant increase from the nearly $45 million it pulled in during 2019. However, Discord is not yet profitable.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting