According to a report by Bloomberg, Microsoft is in talks to acquire messaging platform Discord for more than $10 billion. Discord has reached out to potential buyers and Microsoft is one of them.
Earlier in the day, VentureBeat reported that Discord was exploring a sale and it was final talks with a party. Both Microsoft and Discord did not immediately respond to Reuter’s requests for comments.
The COVID-19 pandemic has boosted the prospects of gaming companies as people stayed at home and turned to video games for entertainment during the lockdown.
Earlier this month, U.S. gaming company Roblox made a strong market debut after going public through a direct listing rather than a traditional initial public offering.