Microsoft Acquires Minecraft and Its Makers, Mojang, For $2.5 Billion

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That's quite an investment in the gaming sector for Microsoft, and a strategic one, i'm sure, as it'll bring it rewards in many areas in the longer term.

Microsoft Corp. today announced it has reached an agreement to acquire Mojang, the celebrated 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 Acquires Minecraft and Its Makers, Mojang, For $2.5 Billion [microsoft.com]