. | . |
Discord abandons Microsoft acquisition talks: report by AFP Staff Writers Washington (AFP) April 21, 2021 Discussion platform Discord, popular among amateur video game players, has halted acquisition talks with Microsoft and is instead considering its options for a public offering, the Wall Street Journal reported Tuesday. Media reported last month that the social platform, created in 2015, was engaged in discussions about a transaction with the technology giant that would have valued Discord at $10 billion. Discord, which is based in San Francisco, allows its 140 million monthly users to exchange text, audio and video for free. The platform, which is not yet profitable, generated about $130 million in revenue in 2020 from $45 million the year before as it grew beyond just "gamers" to other users as well during the pandemic, according to the Journal. At least three different companies have expressed interest in acquiring Discord, the newspaper said, citing anonymous sources. Picking up Discord would have allowed Microsoft to expand its social presence beyond LinkedIn, the professional network it acquired in 2016. And Discord sees a large group of users among gamers using Xbox, Microsoft's video game brand that ranges from consoles to mobile games to streaming services. But Discord may instead be looking toward a market debut, the Wall Street Journal said, following in the footsteps of other recent public offerings from the video game world such as collaborative gaming platform Roblox. vmt/vgr/caw/jh
China's big tech 'rectification' continues after Alibaba record fine Beijing (AFP) April 14, 2021 A record fine, public penitence from a tech giant and a 'who's who' of digital firms warned to "rectify" their ambitions within a month - state regulators are showing no one is bigger than Beijing in Xi Jinping's China. E-commerce titan Alibaba absorbed the massive $2.78 billion penalty from China's market watchdog last Saturday, after a months-long investigation found it had been abusing its dominant market position. Analysts say the chastening was part of Beijing's plan to force a diet on t ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |