IPO

Discord gets off the table with Microsoft for its $10B acquisition deal

San Francisco, April 21 (IANS) Popular online chat app Discord has reportedly ended talks with Microsoft for its $10 billion acquisition deal, The Wall Street Journal reported, as the company now aims to launch an initial public offering (IPO). Reports surfaced last month that in a bid to enter the competitive social media market, Microsoft may acquire popular chat and communications platform Discord for more than $10 billion. “Those talks ended without a deal, though it is possible they could be rekindled in the future,” the WSJ report said on

Esports startup Semper Fortis plans Aquis IPO

Semper Fortis Esports PLC, an esports startup, today announced its intention to go public via the Aquis Exchange on April 26th. Pictured: Nolan Bushnell, Founder of Atari and Semper Fortis board member. Image credit: Gary Reyes/Mercury News RELATED: Esports data platform GRID announces $10m funding round The company aims to raise £2.5 million, according to a release, to tap into the ‘fast-growing’ market for competitive gaming. Semper Fortis will create esports teams, sign sponsorship deals with brands, and sell consultancy services, according to a release. So far the company has

Discord’s reported $10B exit; Compass and Intermedia Cloud Communications set IPO price ranges

It’s demo day for the current Y Combinator class, so we’ll have a largely early-stage focus at TechCrunch today. But there’s also a host of late- and super-late-stage news this morning that matters. Let’s get to all of it before we start to talk accelerators, overheated pre-seed valuations and the like. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. There are three things to discuss. First, the possible $10 billion exit of Discord to Microsoft. Discord is

Extra Crunch roundup: Coupang and Roblox debut, driving GPT-3 adoption, startup how-tos, more

Extra Crunch publishes a variety of article types, but how-tos are my favorite category. For many entrepreneurs, the startup they are trying to get off the ground might be only the second entry on their resume. As a result, they don’t have much experience to draw from when it comes to basics like hiring, fundraising and growth marketing. Last week, Natasha Mascarenhas interviewed experts who had some strategic advice for finding the right time to bring a product manager on board. This afternoon, we published a guest post by growth

Coupang follows Roblox to a strong first day of trading

Another day brings another pubic debut of a multibillion dollar company that performed well out of the gate. This time it’s Coupang, whose shares are currently up just over 46% to more than $51 after pricing at $35, $1 above the South Korean e-commerce giant’s IPO price range. Raising one’s range and then pricing above it only to see the public markets take the new equity higher is somewhat par for the course when it comes to the most successful recent debuts, to which we can add Coupang. The company’s

Extra Crunch roundup: Inside DoorDash’s IPO, first-person founder stories, the latest in fintech VC and more

One of my favorite series of Monty Python sketches is built around the concept of surprise: Chapman: I didn’t expect a kind of Spanish Inquisition. [JARRING CHORD] [Three cardinals burst in] Cardinal Ximénez: NOBODY expects the Spanish Inquisition! I was reminded of this today when I needed to reschedule a few stories so we could cover DoorDash’s S-1 filing from multiple angles. First, Managing Editor Danny Crichton looked at how well the company’s co-founders and many investors stand to make out. Alex Wilhelm covered the IPO announcement in depth on TechCrunch before writing