Microsoft is in discussions with discord to acquire the gaming-focused chat software for more than $ 10 billion, sources say. Xbox chief Phil Spencer is said to be talking to discord about the potential deal.

The deal is n’t imminent, but one person says discord would be more likely to take itself public than seek an acquisition. Bloomberg’s sources say the deal could be close to a deal.

Hbo names Epic games and Amazon as companies that have also held discussions with discord in the past. The company has also held talks with discord.

Discord has about 140 million monthly users and made $ 130 million in revenue last year. Its last valuation was $ 7 billion after a funding round in December generated $ 100 million.