Discord approached Microsoft seeking a possible sale. Details are relatively sparse at present. Microsoft has purchased other social media and there is a possible FCC hurdle to deal with.

Discord has, in the past, been in acquisition talks with Epic Games and Amazon, so it remains to be seen if the Microsoft offer goes through.

Numbers in the $10 billion seem to be higher than fair value. The problem is monetizing the forum which is presently poorly designed.

Microsoft Teams is probably the biggest competitor to Discord.