15 September 2014

Microsoft Buys Minecraft's Game Developer, Mojang For $2.5 Billion

Microsoft unveiled in its press release that it has bought Minecraft's creators, Mojang for $2.5 Billion in agreement.

In the press release, Microsoft Corp. had acquired Mojang, Stockholm-based game developers of Minecraft, which enable Minecraft players to experience more significant benefits, faster worlds, more development tools, and more opportunities to interact with Minecraft community.

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

In terms of the agreement, Microsoft will pay $2.5 billion and expects to break-even in FY15 on GAAP basis.

Minecraft joins Microsoft
Image courtesy: Kotaku
The three original founders of Mojang will be leaving. 

Why Minecraft's Creator Markus "Notch" Persson Sell Mojang?

According to their blog, the creator of Minecraft, Notch never intended to become his creation as BIG. The pressure on its global significance makes it harder to handle. The only option was to sell Mojang.

What is Minecraft

Minecraft is quite 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.

It 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. 

With more loyal fans, it is said that there is nearly 90% players were paid customers which make it more reasonable to have a value of  $2.5 Billion.

Final Thoughts

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

Additionally, the head of Xbox Phil Spencer confirms that the official Minecraft convention, Minecon, will continue next year under the wings of Microsoft.

Phil Spencer, head of Xbox stated:
Minecraft’ is one of the most popular franchises of all time. We are going to maintain ‘Minecraft’ and its community in all the ways people love today, with a commitment to nurture and grow it long into the future.

References:

[1] Owen of Mojang. "Yes, we’re being bought by Microsoft". Mojang. 15 September 2014. Web accessed. September 15, 2014.
[2] Neltz, AndrĂ¡s .Microsoft Officially Obtains MinecraftMaker Mojang for $2.5 Billion. Kotaku. 15 September 2014. Web accessed. September 15, 2014.

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