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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 +2.11% , 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 +1.06% has gained 10.4%.

/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 248.15
+5.12 +2.11%
Volume: 23.90M
May 14, 2021 4:00p
P/E Ratio
33.77
Dividend Yield
0.90%
Market Cap
$1868.96 billion
Rev. per Employee
$877,393
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,382.13
+360.68 +1.06%
Volume: 307.38M
May 14, 2021 5:02p
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