May 3 (Reuters) - A unit of Sony Corp has made a
minority investment in Discord Inc as part of a deal to tie in
the messaging platform with the consumer electronics company's
PlayStation gaming division.
The deal, announced on Monday by Sony Interactive
Entertainment Chief Executive Officer Jim Ryan, comes after
Reuters reported last month that Discord had ended sale talks
with Microsoft Corp to focus on expanding its business
as a standalone company.
Discord allows public and private groups to gather and chat
by text, audio and video. It initially became popular among
gamers and streamers, but is now used by communities ranging
from sports fans and music groups to cryptocurrency investors.
"Our goal is to bring the Discord and PlayStation
experiences closer together on console and mobile starting early
next year," Ryan said in a blog post https://www.sie.com/en/blog/announcing-playstations-new-partnership-with-discord.
Sony and Discord did not disclose the value of the
Discord has over 140 million monthly users and its business
model relies on a premium subscription service. In December, the
company raised $100 million in a private funding round that
valued it at $7 billion.
(Reporting by Uday Sampath in Bengaluru; Editing by Devika