Microsoft is reportedly working on an app called Skype Teams to compete with popular enterprise collaboration service Slack, following reports of a failed $8 billion bid for the company.

According to MSPoweruser, Skype Teams will include features very similar to Slack, such as different chat groups within teams and threaded conversations. It will also support calendar scheduling and file sharing.

And as an answer to Slack’s “giphy integration”, Microsoft will have “the fun picker” where users can search for emojis, gifs and memes.

MSPoweruser said Microsoft is likely to allow bots from its bot framework to work within Skype Teams, and include Office 365 integration, which is not supported by Slack.

The app will also have Skype’s core features such as video calls.

“If you have previously used Slack, Skype Teams will look quite familiar to you,” the report said.

Microsoft will launch Skype Teams for Android, iOS, and Windows Phone, but no launch date is known.

In April, Slack raised $200 million, valuing it at $3.8 billion, up from $2.8 billion in less than a year.

The company, which counts Harvard, LinkedIn, Dow Jones and Samsung among its clients, said it had 2.7 million daily active users and 800,000 paid users as of 1 April.