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April 20, 2021, 2:02 p.m. EDT

Discord ends talks with potential buyers, including Microsoft

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By Tomi Kilgore

Videogame-focused chat startup Discord Inc. has ended talks with potential buyers, including Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -1.97% , and has instead resumed its interest in an eventual initial public offering, according to a report in The Wall Street Journal on Tuesday. The report, which cited people familiar with the matter, comes a month after Bloomberg reported that Microsoft was in discussion to buy Discord in a deal valuing the startup at more than $10 billion. On Tuesday, the WSJ report said Discord had fielded interest from at least three companies about a buyout deal, but as Discord has been performing well it preferred to stay independent, at this time. Microsoft's stock slipped 0.2% in afternoon trading, erasing an earlier intraday gain of as much as 0.6%. It has climbed 16.2% year to date, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.17% has gained 10.4%.

US : U.S.: Nasdaq
$ 323.01
-6.48 -1.97%
Volume: 41.78M
Dec. 3, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$2425.15 billion
Rev. per Employee
US : Dow Jones Global
-59.71 -0.17%
Volume: 444.85M
Dec. 3, 2021 5:35p

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