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MICROSOFT CORPORATION

(MSFT)
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Microsoft : Messaging app Discord ties up with Sony's PlayStation

05/03/2021 | 02:33pm EDT

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 investment.

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 Syamnath)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION -0.56% 259.43 Delayed Quote.17.30%
SONY GROUP CORPORATION 0.48% 10500 End-of-day quote.2.09%
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Financials (USD)
Sales 2021 166 B - -
Net income 2021 59 386 M - -
Net cash 2021 66 544 M - -
P/E ratio 2021 33,2x
Yield 2021 0,86%
Capitalization 1 954 B 1 954 B -
EV / Sales 2021 11,4x
EV / Sales 2022 10,0x
Nbr of Employees 163 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 42
Average target price 294,33 $
Last Close Price 259,43 $
Spread / Highest target 31,1%
Spread / Average Target 13,5%
Spread / Lowest Target -2,32%
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Managers and Directors
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
John Wendell Thompson Independent Chairman
James Kevin Scott Chief Technology Officer & Executive VP
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