A division of Sony has made a minority investment in Discord as part of a messaging platform deal with consumer electronics company’s PlayStation gaming division.

Sony Interactive Entertainment CEO Jim Ryan announced the deal on Monday, after Reuters reported last month that Discord had concluded sales negotiations with Microsoft to focus on expanding its business as an independent company.

Discord allows public and private groups to collect and chat via text, audio and video. It was initially popular among gamers and streamers, but has now been used by communities from sports fans, music groups to cryptocurrency investors.

Ryan said in his blog: “Our goal is to make the Discord and PlayStation experience closer together on consoles and mobile devices from the beginning of next year.”

Sony and Discord did not disclose the value of the investment.

Discord has more than 140 million users every month, and its business model relies on premium subscription services. In December last year, the company raised US$100 million (approximately Rs 7.4 billion) in a private financing, bringing its valuation to US$7 billion (approximately Rs 51,710 crore).

Thomson Reuters 2021 ©

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