Discord no longer wants to sell due to increased success
Discord may have been in talks with Microsoft over a deal to sell, but that no longer appears to be the case. The popular chat communication tool, which rose to the top of the list thanks to its gaming-related approach, is doing quite well.
So good in fact that Discord apparently doesn’t want to sell anymore. A new report from The Wall Street Journal notes that Discord has ended discussions with Microsoft over the deal that was on the table.
Over the past few weeks, details have emerged that Discord has been shopping, several potential buyers have reportedly been in discussions. Microsoft was apparently one of those companies. This sparked a conversation that Xbox owners may soon get official native Discord support on their consoles. This dream is now apparently dead.
Discord doesn’t need $ 10 billion deal with Microsoft
Discord may have ended discussions with Microsoft because it wants to remain independent for now. But it’s not the same as there will never be an agreement.
According to the Wall Street Journal, Discord and Microsoft are both open to the idea of a deal going forward. For now, discussions are over. But the two companies could end up deciding to resume negotiations later. It could be a boon to either company.
Discord could continue to chart its own course and result in a resumption of talks with an even higher valuation. Or its valuation could end up falling.
Discord is not profitable, but it has renewed its interest and its IPO
Discord’s success doesn’t seem to be measured internally by the amount of profit it makes. Which sucks. The report says Discord is still not profitable. Even though it has over 140 million monthly subscribers and amassed over $ 130 million in revenue last year.
Despite no profit, Discord continues to grow. Part of which is likely due to its culture of expanding beyond the boundaries of the game. Formerly known as the de facto game chat tool to many gamers, Discord has evolved in the perfect place to chat about everything with a wide range of different communities, and not just about games.
This has undoubtedly contributed to its appeal to non-gamers and casual gamers. Who might not be looking for a chat tool during gaming sessions. But you might just want a robust app with lots of cool features to keep in touch with your friends. Discord is currently available for Windows, Mac, Linux, browsers, Android, and iOS.