Microsoft Corporation (NASDAQ MSFT) is reportedly on the verge of concluding the acquisition of Minecraft maker Mojang for a whopping $2 billion plus, according to the Wall Street Journal. Minecraft is a block building video games, highly popular among masses.
Minecraft deal, if goes through, would enhance Microsoft Xbox division, making it the first billion dollar deal under CEO Satya Nadella. There was no confirmation if the deal would be finalized, and Mojang executive was not available immediately for the comment. On the other hand, Microsoft executive said that the company keeps away from commenting on rumors or speculations.
With the acquisition of Mojang, Microsoft Xbox could get a major uplift as Mojang has sold more than 54 million units of the titles on all hardware platforms such as Microsoft’s Xbox 360, Apple’s Mac, Sony’s PlayStation 3, and mobile platforms like Apple Inc.’s iOS and Google’s Android.
Microsoft Corporation (NASDAQ MSFT): Another Acquisition
Minecraft was released in 2009 and became massively popular by offering a simpler version. The title is very popular with a profit of $128 million in 2013, according to Gamespot. Minecraft building block games is indicative of Lego, and both have entered into multiple ties in sets to bring the game from the digital into a physical. Mojang, also, entered into a deal with Scholastic on books and with Warner Bros. for a forthcoming movie, according to the Journal.
The deal worth 10 figures could be the first for Satya Nadella, since joining as the CEO of Microsoft. According to the Journal, the decision (if true) is more of an unexpected one from Nadella, who previously said that the Xbox business is not the core segment of Microsoft. However, Nadella also said that the company considers video games as a way to spread in PC and mobile phones.
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In a letter to the employees in July, Mr. Nadella called gaming the “single biggest digital life category, measured in both time and money spent, in a mobile-first world.” However, Mojang founder Markus “Notch” Persson voiced on Twitter that he wants the company to stay independent.
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