Microsoft is in talks to buy the fast-growing chat service Discord for more than $10 billion as it looks to bolster its gaming business, a new report says.
Phil Spencer, the head of Microsoft’s Xbox division, has been involved in the discussions, but the two sides are not close to a deal, the outlet reported late Monday.
The reported talks come amid a period of explosive growth for Discord, which allows users to chat by text, audio and video.
The platform is reportedly popular with groups of gamers but it’s tried to find a wider audience while billing itself as “a place to talk, for anyone.”
Microsoft — which reportedly tried to buy both TikTok and Pinterest last year — could potentially bundle Discord’s paid “Nitro” service with its Xbox Game Pass subscription, analyst Matthew Kanterman told Bloomberg.
Neither Microsoft nor Discord immediately responded to requests for comment Tuesday. Microsoft shares rose about 0.2 percent to $236.51 in premarket trading as of 8:49 a.m.
Source: New York Post