A month after announcements Microsoft tried to buy the hot voice chat app Discord, the conversation canceled, a source familiar with the deal confirms to TechCrunch.
Discard is considering plans to remain independent, perhaps charting a path to its own IPO very soon. The Wall Street Journal first reported news that the deal had been canceled.
The two companies are negotiating an acquisition that was valued at $10 billion before Discord left. According to WSJ, all three companies are exploring potential eclipses, although only Microsoft has been named.
Discord’s rating doubled in less than six months last year, and the stock looks set to hotter in 2021. Discord, a lovely voice chat app initially designed for gamers, is in the right place, ahead of the current voice chat trends by ClubHouse ignited. As companies ranging from Facebook to Twitter go around creating voice-based community tools, Discord confirmed itself for the curated audio show last month.
Discord’s decision to deviate from the sale makes sense for a company to preserve its unique DNA rather than offer the product already in a larger company. The choice could also keep the organization distant from a protracted antitrust headache, as politicians mull legislation that could block comprehensive technology opportunities to prevent further consolidation in the industry.