Technology giant Microsoft Corp plans to acquire messaging platform Discord Inc for more than $10 billion, according to Bloomberg News, citing people familiar with the matter.
As per the reports messaging platform, Discord has reached out to potential buyers and Microsoft is one of the frontrunners to pick the entire company stake. Meanwhile, reports about Discord going public are also doing rounds and top sources suggest that it is more likely to go public than sell itself.
Earlier, VentureBeat reported that Discord was exploring a sale and it was in final talks with a party.
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The Covid-19 pandemic has boosted the prospects of gaming companies as people stayed at home and turned to video games for entertainment during lockdowns.
Earlier this month, US gaming company Roblox made a strong market debut after going public through a direct listing rather than a traditional initial public offering.
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
The CCPA has fined Vajiram and Ravi ₹7 lakh for misleading UPSC coaching advertisements. The regulator found 258 of 413 claimed toppers had enrolled only in a free interview programme after clearing earlier stages independently.
