Microsoft Snaps Up Minecraft for $2.5 Billion
It's official. The software giant is acquiring Mojang, the software developer behind the popular multiplatform Minecraft game.Proving recent reports true, Microsoft announced today that it is acquiring Mojang, maker of Minecraft, for $2.5 billion. The Redmond, Wash.-based software giant expects the deal to close this year and for its investment to break even during its current 2015 fiscal year. (Microsoft's fiscal year runs from July 1 to June 30.) Comments made by Microsoft CEO Satya Nadella indicate that the company plans to be a continued presence in the video games market, despite rumblings that it may spin off its Xbox gaming unit as it pursues an enterprise-friendly "mobile-first, cloud-first" product strategy. Video games, as it turns out, is a big money-maker. "Gaming is a top activity spanning devices, from PCs and consoles to tablets and mobile, with billions of hours spent each year," said Nadella in a statement. "Minecraft is more than a great game franchise—it is an open world platform, driven by a vibrant community we care deeply about, and rich with new opportunities for that community and for Microsoft." Minecraft takes place in a blocky, Lego-like universe that allows users to reshape the virtual world around them. Since its launch, the game and its unconventional style have attracted millions of players across several device platforms.
According to company estimates, Minecraft has been downloaded more than 100 million times on the PC. Its mobile editions have earned the top spot in the paid app rankings for iOS and Android.