Alphabet Replaces Verizon in Dow Jones Industrial Average 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Microsoft Corporation was revealed to be in a discussion for its bid to purchase Discord, an instant messaging and digital distribution platform. It was said that the deal will cost the tech company over $10 billion if it completes the acquisition of the company. This information has been shared by sources who are familiar with the situation.
Search for possible buyers has commenced
In any case, Venture Beat reported that Discord has been exploring its sale and it has already reached out to potential purchasers. Microsoft is one of the leading candidates to acquire the firm, but it was clarified that there is no definite deal yet.
It was suggested that out of all those that expressed interest in buying Discord, Microsoft has already reached the final stage of the talks. However, the Washington-headquartered firm declined to comment on this matter.
As of December 2020, Discord was valued at about $7 billion. The company is most known as a platform where users set up groups and coordinate them for activities like virtual parties, gaming, and simple discussions.
On the other hand, Microsoft is looking to acquire social media platforms with numerous users to strengthen its gaming and entertainment business. It purchased LinkedIn for $26.6 billion in 2016, and the company is hoping to get its hand on Discord that will surely help in achieving its goal.
About Discord
As per The Wall Street Journal, Discord has more than 140 million users who log in every month. With this, the company was able to make $130 million in 2020.
The software is free to use for most of the users, so the company is only making money through its Nitro subscriptions. Users who subscribe can enjoy more advanced features when they use Discord, and this includes larger upload limits and higher resolution screen sharing.
Finally, Microsoft can gain more from the acquisition of Discord because the company’s profits last year nearly tripled, and this was only due to selling subscription access to exclusive perks for users. Since it has more functions, then it means it has the potential to earn more from the other things it can offer to the users.
Microsoft can do this through similar strategies used by the leading social media hangouts such as Twitter and Facebook. Microsoft can simply use ads to boost its earnings after acquiring Discord.
