Microsoft Officially Announces Its Acquisition of Minecraft for $2.5 Billion

Microsoft Officially Announces Its Acquisition of Minecraft for $2.5 Billion

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Microsoft today announced that it has reached an agreement to acquire Mojang, the Stockholm-based game developer, and the company's iconic Minecraft franchise.

The Mojang team will join Microsoft Studios, which includes the studios behind global blockbuster franchises “Halo,” “Forza,” “Fable” and more. Microsoft’s investments in cloud and mobile technologies will enable “Minecraft” players to benefit from richer and faster worlds, more powerful development tools, and more opportunities to connect across the “Minecraft” community.

Under the terms of the agreement, Microsoft will acquire Mojang for $2.5 billion. Microsoft expects the acquisition to be break-even in FY15 on a GAAP basis. Subject to customary closing conditions and any regulatory review, the acquisition is expected to close in late 2014.

Available across multiple platforms, “Minecraft” is one of the most popular video games in history, with more than 100 million downloads, on PC alone, by players since its launch in 2009. “Minecraft” is one of the top PC games of all time, the most popular online game on Xbox, and the top paid app for iOS and Android in the US. The “Minecraft” community is among the most active and passionate in the industry, with more than 2 billion hours played on Xbox 360 alone in the past two years. Minecraft fans are loyal, with nearly 90 percent of paid customers on the PC having signed in within the past 12 months.

“Gaming is a top activity spanning devices, from PCs and consoles to tablets and mobile, with billions of hours spent each year,” said Satya Nadella, CEO, Microsoft. “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.”

“The ‘Minecraft’ players have taken the game and turned it into something that surpassed all of our expectations. The acquisition by Microsoft brings a new chapter to the incredible story of ‘Minecraft,’” said Carl Manneh, CEO, Mojang. “As the founders move on to start new projects, we believe the high level of creativity from the community will continue the game’s success far into the future.”

Microsoft plans to continue to make “Minecraft” available across all the platforms on which it is available today: PC, iOS, Android, Xbox and PlayStation.

You can still purchase Minecraft – Pocket Edition from the App Store for $6.99.

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Microsoft Officially Announces Its Acquisition of Minecraft for $2.5 Billion
Trololo - September 15, 2014 at 7:25pm
They won't ruin it. If tying they'll make it better. hopefully they push optimization and bug fixes on mojang. Something they were never really good at.
Trololo - September 15, 2014 at 7:27pm
If anything*
PaulMOGG - September 15, 2014 at 5:37pm
May not take that long if MS they work a little harder to ruin it
Za - September 15, 2014 at 5:20pm
I fully expect MS to ruin Minecraft within the next year.
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