Two sources familiar with the matter said that Discord is exploring its options for a sale in the wake of interest from multiple parties that want to buy the company.

And one source said the company has signed an exclusive acquisition discussion with one party meaning it is in final negotiations about a sale.

“It is hard to tell the difference between a serious acquisition attempt and a fishing expedition”

Any potential buyer with more than $10 billion on hand to buy Discord is likely to be a really large game company, but more likely the suitor would be a platform owner like Microsoft, Amazon, Twitter, or Google. Some game companies are bound to be worried that Discord, which serves critical roles in connecting game studios and publishers with their communities, could be acquired by a party that would only be interested in one of those communities. Microsoft did not respond to a request for comment.