Microsoft is buying ‘Minecraft’ and its development studio for $2.5 billion

(Last Updated On: September 23, 2014)

minecraft_logoMicrosoft confirmed that it’s buying massively popular game Minecraft and the studio behind it, Mojang. The purchase amount is $2.5 billion. The company says it “plans to continue to make Minecraft available across all the platforms on which it is available today: PC, iOS, Android, Xbox and PlayStation.”

Though Microsoft is purchasing the Minecraft intellectual property – game, licensing, and any other rights involved – it isn’t getting the game’s creator, Markus “Notch” Persson. A note from the Mojang team says, “Notch, Carl, and Jakob are leaving. We don’t know what they’re planning. It won’t be Minecraft-related but it will probably be cool” (Carl Manneh is Mojang’s CEO and Jakob Porser is a co-founder).

The game’s rise from indie darling developed by a single man – “Notch” – to multi-billion dollar powerhouse has been meteoric, and highly publicised. Not only did it pioneer a movement in the game industry toward releasing early, unfinished games, but Minecraft became a massive mainstream hit. The game’s iconic “Creeper” character is a staple among both gaming’s hardcore and casual mobile gamers.

Rumors of an acquisition by Microsoft just a few weeks ago, with a rumored purchase price of $2 billion. According to those reports, Notch approached Microsoft about a buyout. Mojang’s statements today seem to confirm that report. “He’s decided that he doesn’t want the responsibility of owning a company of such global significance,” says Mojang “Over the past few years he’s made attempts to work on smaller projects, but the pressure of owning Minecraft became too much for him to handle. The only option was to sell Mojang.”


Source: Endgadget

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