Discord ends buyout talks with Microsoft source discord app logo is taken to this illustration in this photo.
The Messaging platform Microsoft Inc. has concluded deals with Discord Inc and plans to focus on growing the business as a standalone company, a source familiar with the matter told Reuters on Tuesday.
Microsoft and Discord did not immediately respond to requests for comment.
In March, Microsoft had reported that Reuters was in talks to buy Discord for more than$ 10 billion.
The COVID- 19- Pandemic has boosted the prospects of gaming companies as people turn to video games as a form of entertainment increasingly under lockdowns.
Discord, which was valued at$ 7 billion as of December is a platform on which users coordinate virtual activities such as games, discussions and even groups.