(Ping! Zine Web Tech Magazine) – Microsoft has officially closed its deal for the purchase of Minecraft maker Mojang for $2.5 billion.
Xbox Head Phil Spencer made the announcement via Twitter stating, “It’s official, today we welcome Mojang to the Microsoft Studios family. We’re excited for the possibilities ahead w/the Minecraft community.”
The deal was first announced in mid-September, with Spencer stating the acquisition would add diversity to their game portfolio and help to bring in new players to their franchise.
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.”