According to from the Wall Street Journal on 20 April 2021, Discord would have rejected Microsoft's takeover offer at the end of March.

It was the Wall Street Journal itself that first broke the news of the start of the negotiations on 25 March. The news shook many Discord users, worry about seeing the chat service fall under the control of the same company that controls Skype.

Discord has been a very popular service among gamers for years, but with the pandemic it has expanded its audience obtaining previously unimaginable results. Revenue tripled, users doubled and the company's value increased from $ 100 million to $ 7 billion. 

This success is also due to the popularity of the service out of the gaming world. Discord proved to be a perfect meeting place for the most diverse communities, and not just because of the pandemic. The service was indeed able to retain a large part of users arrived on the service following the lockdown.

These characteristics had made it the perfect partner for the Microsoft's expansion strategy. For some time the company has been looking for new acquisitions to increase the number of possible users of its services.

Discord therefore seemed destined to enter the Microsoft galaxy. The offer of 10 billion dollars it was considered more than appropriate to the value of the company, but the negotiations have stopped for now.

The Wall Street Journal reports that Microsoft wasn't the only possible buyer for Discord. At least two other companies were interested in the operation, but the dizzying growth of the last few months has prompted the owners of the chat service not to sell.

Despite the increase in every parameter, Discord hasn't found a way to be profitable yet. This weakens its position vis-à-vis any buyer, who can leverage the company's need for liquidity.

It is therefore possible that negotiations may resume in the future, with Microsoft or with one of the two remaining buyers in the background, but there is also another perspective. Discord might quoting on the bag, to find the capital necessary for its development through a public offer.