Discord, the chatting app that’s popular with video gamers, is reportedly for sale for about $10 billion. According to Bloomberg, Microsoft is one of the interested acquirers. Shares of Microsoft were up more than 1% Tuesday morning following the reports.
Microsoft has billions to spend on a social media company. Last year, Microsoft was in the running to buy TikTok’s U.S. business for as much as $30 billion after the Trump administration attempted to force a sale over security concerns with the Chinese-owned company. Microsoft eventually backed out of the deal, and Oracle and Walmart entered into a joint bid to take control of TikTok’s U.S. business. (That deal is currently in limbo now that the Biden administration is running the show.) It’s now clear that Microsoft is still hungry for a social media company after the TikTok deal fell through. […]