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Microsoft Corporation Is In Talks To Acquire Discord Inc At A Valuation Of Staggering $10 Billion: Report
Microsoft CEO, Satya Nadella. (Stephen Brashear/Getty Images)
Redmond, United States (US)-headquartered technology behemoth, Microsoft Corporation is in talks to acquire video-game chat platform Discord Inc for more than $10 billion, reports The Verge citing Bloomberg.
In the last round of fund-raising held in bygone December, Discord raised $100 million at a valuation of $7 billion. Thus, if the deal with Microsoft goes through at a size of $10 billion, it would mark a big jump in the company's valuation in a short span. It should be noted though that the deal it not imminent yet.
It should be noted that despite the steep valuation, as per a recent report by the Wall Street Journal, the company is still not profitable and is minting losses for the time being.
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