Date
13 December 2017
Minecraft has been downloaded 100 million times on PCs alone since 2009. Microsoft's XBox 360 has hosted more than two billion hours of Minecraft gaming. Photo: eBay
Minecraft has been downloaded 100 million times on PCs alone since 2009. Microsoft's XBox 360 has hosted more than two billion hours of Minecraft gaming. Photo: eBay

Microsoft sees quick payoff from US$2.5 bln Minecraft deal

Microsoft has hosted more than two billion hours of Minecraft gaming on its Xbox 360, so it makes sense that the software giant is making the relationship official.

On Monday, Microsoft announced its acquisition of Minecraft maker Mojang for US$2.5 billion, the largest for the company since Satya Nadella became chief executive in February, according to Forbes.

“Gaming is a top activity spanning devices, from PCs and consoles to tablets and mobile, with billions of hours spent each year,” Nadella said.

“Minecraft is more than a great game franchise – 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.”

The deal comes after Microsoft spent US$7.2 billion to buy Nokia’s device business.

The Mojang team will join Microsoft Studios, maker of popular video games Halo, Forza and Fable, among others. Microsoft expects the deal to close in late 2014 and to break even on the acquisition in  2015.

The acquisition by Microsoft brings a new chapter to the incredible story of Minecraft which has been downloaded more than 100 million times on PCs alone since 2009, Mojang chief executive Carl Manneh was quoted as saying.

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CG/RA

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