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Discord has suspended conversations with Microsoft.  The acquisition will not take place

Discord has suspended conversations with Microsoft. The acquisition will not take place

The first rumors about the initiation of talks about the Microsoft Discord purchase by Microsoft appeared last month. It was said that the transaction amount could be approx $ 10 billionThere is little time for the acquisition to be completed. In this context, the new news from the Wall Street Journal might surprise you. The discord was supposed to stop conversations and focus on other matters.

The topic is thinking again about raising funds through The initial public offeringIt is an introduction to the subsequent entry to the stock exchange. In June 2020, the company was valued at $ 3.5 billion (13.22 billion PLN), and in December of the same year it was already $ 7 billion (PLN 26.44 billion). The problem is that according to WSJ, despite the continuous growth, the company is not earning. This is why it’s considered an option to sell Discord to Microsoft.

From Redmond’s point of view, hanging talks is definitely not the best news. If there is a lot of interest in the IPO, there is a good chance that prices will increase, which could increase Discord’s market value. Then the proposed $ 10 billion may turn out to be very small.

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