Prior to this announcement, talks were ongoing about a buyout. And two companies, Microsoft and Epic Games, were among the potential buyers, with Microsoft allegedly offering over $10 billion. However, the company halted talks to consider going public.
Sony purchased a stake in the online chat service to integrate it with PlayStation. As a result, users will be able to communicate more easily among themselves.
PlayStation users will be able to use this feature in the initial days of next year i.e 2022.
Sony’s decision – and Microsoft’s interest – is understandable. The service is heavily sought after, with over 140 million users reported in December 2020. Even more significant, however, is its popularity among gamers.