Microsoft to buy Minecraft

September 16, 2014 11:48
Microsoft to buy Minecraft

Tech giant Microsoft has agreed to buy Stockholm based developer that created 'Minecraft' for a whopping USD 2.5 billion. Minecraft is a construction game, in which players can build anything block by block. The game was spread like a virus since its full launch in 2011 by developers Mojang. Also Minecraft is one the top paid applications in iOS and Google Inc's Android Systems.

Minecraft just employs 40 people and its 2013 revenue is USD 2.05 billion with $ 896 millions profit. Right from 2011, Microsoft is slowly expanding its business and is targeting the mobile business. After the deal was made Microsoft CEO Satya Nadella released a statement which read, “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.”

(AW: Vamshi)

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