Minecraft Assimilated into Microsoft for $2.5B
Microsoft announced that it’s acquired the popular sandbox game Minecraft by purchasing its Stockholm-based developer Mojang. The Mojang team will join Microsoft Studios. Resistance is futile.
The terms of the agreement have Microsoft acquiring Mojang for $2.5 billion and MS believes they will break even on the buy in fiscal year 2015 (GAAP). The acquisition is expected to close later this year after regulators and conditions are satisfied.
Minecraft is one of the most popular video games in history, says the Microsoft Blog. With more than 100 million downloads on PC alone, it could become the most popular game in the Microsoft Studios stable of games. Minecraft will join Forza, Fable, Halo, and others there.
“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.”
Microsoft plans to continue with Minecraft as-is and on its currently-supported platforms for the foreseeable future. These include PC, iOS, Android, Xbox and PlayStation.
“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.”