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 CEO Jim Ryan, comes after journalists at our partner news agency 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.
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.
The team at Platform Executive hope you have enjoyed this news article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Niket Nishant in Bengaluru. Editing by Aditya Soni
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