Microsoft to Announce $2.5B Minecraft Acquisition Today

News - United States

A few days back there were rumors about Microsoft planning to buy Minecraft developer Mojang. According to Reuters Microsoft is all set to buy Minecraft for $2.5B.

Microsoft Minecraft Acquisition

The Wall Street Journal was the first to break the news. Reuters further reported that Microsoft would make the announcement about the acquisition on Monday, September 15. The Wall Street Journal’s figure was $2 billion.

Microsoft’s decision of buying Minecraft is really very strange. It is true that Minecraft earned a lot of money for Mojang but still Microsoft’s decision is shocking. Minecraft has seen its best time but now people are moving on. It is difficult to say that Mojang will be able to deliver another hit. We all know that how popular Minecraft on different platforms like iOS and Android.

There are more than hundred million Minecraft players on all the platforms. Now after the acquisition the game will be available on a new platform, Windows Phone. Rick Sherlund, Nomura analyst, has a different view about the situation. According to Rick Sherlund, “We don’t view this acquisition as a signal of Microsoft's intent to double down on Xbox but consider it an attempt to better address mobile on a cross-platform basis.” He further said, “This also appears to be consistent with (Microsoft) CEO Satya Nadella’s mobile and cloud strategy.”

Nadella said earlier this year that he wants Microsoft programs working on maximum devices. Now this merger will definitely help Nadella to achieve his goal as Minecraft is a popular game that is also available on popular platforms like Apple Inc’s iPad, Sony Corp’s Playstation. So we can say that Nadella’s wish is about to be fulfilled. Facebook acquired Oculus Rift for $2B, and now Microsoft’s $2.5B acquisition of Minecraft has set a new record.  


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