Discord is ending talks to sell itself to Microsoft or other companies, the Wall Street Journal reports. The popular online chat app was reportedly in talks to sell to Microsoft in March, for a price that valued Discord at over $10 billion.
The Wall Street Journal writes that Discord was in talks with at least three other companies, but has decided to stay independent because it’s “doing well.” Discord has around 140 million monthly users and earned about $130 million in revenue in 2020, but still isn’t profitable, according to WSJ.
Microsoft’s interest in Discord had a lot to do with the latter’s role as a home for online communities. The app is a destination for creators cultivating their own forums, as well as home-grown groups centered around video and tabletop roleplaying games. Outside of its Xbox and Surface devices, Microsoft doesn’t have a big consumer-facing way to be a part of most people’s day-to-day lives. It’s opened up Teams for personal use, but Discord has built-in familiarity and doesn’t read as enterprise software. The Wall Street Journal writes that both Discord and Microsoft are still open to renewed talks, but for now, Discord is going its own way.