Talks between the two companies have ended after video game chat company Discord rejected a $12bn takeover offer from Microsoft, according to people familiar with the matter. For now, Discord is focused on a possible future initial public offering.
Rebuffed a $12 billion takeover offer from Microsoft, Discord is seeking an IPO, and Twitter has expressed interest in an acquisition
Twitter has previously expressed interest in acquiring Discord, according to people familiar with the matter. In recent weeks, other companies, including Epic Games and Amazon, have discussed buying or investing in Discord, with some approaches valuing the chat company at $15bn - $18bn, according to two other people familiar with the matter.
Discord, Microsoft and Twitter declined to comment.
San Francisco-based Discord is primarily a free video, voice and text communication service for gamers. People forced to stay indoors during the epidemic are increasingly using Discord's technology for group studies, dance classes, book clubs and other virtual gatherings.
Discord has also been expanding the scope of its messaging tools beyond a player-centric chat platform to a "conversation place" for a broader audience.