Subscribe to RSS

Microsoft buys Minecraft for $2.5 billion

Microsoft acquires Minecraft for $2.5 billion

Microsoft pulled off a surprise that would equal the hype generated for the iPhone 6 launch, as the software company announced its acquisition of the hit videogame Minecraft for $2.5 billion. However, the founders and top executives of the Swedish indie game developer will not be joining the tech giant.

The Wall Street Journal reports that the deal would give Microsoft “an asset with a loyal and largely young following.” The move comes at the heels of Microsoft CEO Satya Nadella’s statement that the company needs to focus on what it does best–selling software to companies.

The deal is also a huge jackpot for Markus Persson, the 35-year-old creator of Minecraft who has become a hero of sorts in the independent game community partly for his boldness to bash big companies, including Microsoft.

Before the acquisition, Mojang has earned over $100 million in profit from selling Minecraft and related merchandise. It only has 40 employees, with Persson and two other executives–CEO Carl Manneh and co-founder Jakob Porser–being the only shareholders and board members.

While the Mojang team will become part of Microsoft Studios, the company’s co-founders are leaving to pursue new projects.

Persson’s rationale for selling Mojang could be partly traced in his recent online postings on Twitter and Reddit, saying he has become tired of answering to Minecraft fans and that managing a very popular game has become difficult for his small-scale game studio.

“It’s not about the money,” Persson posted Monday in his personal website. “It’s about my sanity.”

Since its introduction in 2009, Minecraft has sold over 50 million copies for PCs, mobile devices, and video game consoles like Xbox. The game, wherein players create worlds from digital blocks, has drawn in children and veteran video game fans alike. It also has licensing deals for handbooks, toys, and an upcoming feature film.

Source: Wall Street Journal

0 comments



Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Finally, Uber Updates Its Rating System

Finally, Uber Updates Its Rating System(0)

There has been quite a lot of complaints regarding the use of the popular taxi-hailing app, Uber. There have been experiences about passengers and bad drivers, and vice versa. From the passenger’s stand point, it has been quite tasking to make a driver review from the app because of its location. Users have to dig

PowerUp FPV Paper Plane Drone

PowerUp FPV Paper Plane Drone(0)

Flying drones have become quite common nowadays. Mostly, people will picture a hovering quadcopter whenever drones are mentioned. But there are also other options that can provide users with a unique kind of drone experience. The PowerUp FPV Paper Plane Drone provides users with a unique first-person flying experience. The PowerUp FPV Paper Plane Drone

Eufy RoboVac 11

Eufy RoboVac 11(0)

Cleaning the home has become more convenient with the help of technology. There are now different appliances that can help people make their home neat and clean without making too much effort. With the arrival of robot vacuums, cleaning floors has even become automatic. And the new Eufy RoboVac 11 just made it even more

Mizusion Saltwater-Powered LED Lantern

Mizusion Saltwater-Powered LED Lantern(0)

With disasters usually coming unexpectedly, people will need to be prepared at all times. Aside from food, one important thing they will need to prepare is lighting. Having a flashlight can go a long way to surviving in an event of a disaster. But you also have to think long-term, when flashlights may no longer

The River Mobile Power Station For Portable Power On The Go

The River Mobile Power Station For Portable Power On The Go(0)

With people having multiple gadgets all of the time, recharging power becomes an essential resource. Looking for available power outlets becomes a regular habit for some. Others prefer the use of a power bank that they take along with them. But when it comes to addressing the power needs of groups, there doesn’t seem to

read more


Contacts and information

Social networks

Most popular categories

Buy This Theme
В© 2011 Gadgetine Wordpress theme by orange-themes.com All rights