Discord reportedly rejects Microsoft's $12 Bn acquisition offer

Discord has ended deal talks with Microsoft and plans to focus on expanding the business as a standalone company, sources familiar with the matter told Reuters on Tuesday.

Discord is looking for funding to improve and expand its offering / services for customers, and has recently been successful in raising up to $100 Mn in a Series H investment round. The scale of operations that Discord wants to build isn't cheap. This latest fundraising establishes a bottom line value for the company of $7 Bn dollars.

The latest fundraising has been described by some parties as a 'pre-IPO round' for the privately-backed startup, notes TechCrunch. It is offering investors and institutions a way in before an IPO is scheduled which will likely be at a higher buy-in price