Microsoft Buys Minecraft Developer, Mojang, For $2.5 Billion

Microsoft Buys Minecraft Developer, Mojang, For $2.5 Billion (Ping! Zine Web Tech Magazine) – It has been confirmed that Microsoft will acquire the software company responsible for the smash hit Minecraft for $2.5 billion.

Xbox Head Phil Spencer noted via Xbox Wire that the acquisition will add diversity to their game portfolio and help to bring in new players to their franchise.

“The Minecraft community is passionate and diverse, ranging across all ages and demographics. We respect the brand and independent spirit that has made Minecraft great, and we’ll carry on the tradition of innovation to move the franchise forward,” said Spencer. “Our investments in cloud, Xbox Live and mobile technology will enable players to benefit from richer and faster worlds, more powerful development tools, and more opportunities to connect with the Minecraft community.”

In a post on Mojang’s website, the company stated that they agreed to the acquisition because Notch, the creator of Minecraft, didn’t want the responsibility of a “company of such global significance.

“It was never Notch’s intention for it to get this big,” said Mojang Chief Word Officer Owen Hill. “Over the past few years he’s made attempts to work on smaller projects, but the pressure of owning Mincecaft became too much for him to handle. The only option was to sell Mojang.”

Spencer added that the game will continue to be available across all platforms, including rival PlayStation.

Mojang will join Microsoft Studios and its gaming subsidiaries 343 Industries, Turn 10 Studios, and Lionhead Studios.