Discord won't be selling itself to Microsoft, or any tech giant for that matter, anytime soon, reports The Wall Street Journal. The social app, which has blossomed from a gaming-centric chat tool into a platform of fast-growing communities across a variety of interest areas, has ended talks with various interested parties, the report states.
Instead, Discord has resumed plans for a potential initial public offering at some point in the future, due in part to its confidence in future growth and its current product roadmap. (Discord launched a Clubhouse competitor, Stage Channels, just a few weeks ago.)
The WSJ says Discord received offers from at least three companies, and its talks with the Xbox owner about a potential sale for more than $10 billion became widely known late last month. The San Francisco-based company launched its product in 2015 and has raised nearly $500 million from investors, with its latest funding round of $100 million last December valuing Discord at $7 billion.