Chat platform Discord raises $500 mn led by Dragoneer

Chat platform Discord has raised $500 million in a new funding round led by investment firm Dragoneer Investment Group.
Dollar spending on technology
The deal values the company at about $15 billion, Bloomberg News reported earlier.

Baillie Gifford & Co, Coatue Management, Fidelity Management & Research Co and Franklin Templeton also participated in the financing, alongside existing investors.

Reuters reported earlier that Microsoft was in talks to buy Discord for more than $10 billion, with the talks ending in April.