Microsoft is supposedly in discussions to acquire Discord, the gaming-focused chat service which is used prominently between gaming communities.
It's been suggested that Microsoft could pay $10 billion as part of the acquisition, according to Bloomberg.
Per Bloomberg: "Discord reached out to Microsoft to gauge interest, and Microsoft Xbox chief Phil Spencer has been talking to the company, according to one person."
When asked for comment representatives for Microsoft and Discord allegedly declined to comment.
This is a fast-developing story and follows on from news shared earlier today when VentureBeat first reported that Discord was looking into a $10 billion-plus sale.
At the time, VentureBeat suggested that one source had indicated that the company had already signed an exclusive acquisition discussion with one party "meaning it is in final negotiations about a sale".
It's worth noting that Microsoft does not appear to be the only interested party, with Bloomberg also naming Epic Games and Amazon as potential companies also interested in Discord.
It's possible there could be no sale though, with one source telling Bloomberg that the most likely outcome will see the company go public.
Discord has 140 million monthly active users and according to The Wall Street Journal the company made $130 million in revenue in 2020, up by nearly $45 million compared to 2019.
In other Xbox news, Microsoft is rebranding Xbox Live to 'Xbox Network'. Find out more here.