Deals
Microsoft to Buy Minecraft Maker Mojang for $2.5 Billion
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Microsoft Corp., maker of the Xbox video-game console, agreed to acquire Mojang AB, the software company behind the popular game Minecraft, for $2.5 billion, in a bid to boost its Xbox and mobile businesses.
Microsoft, the world’s largest software maker, said Stockholm-based Mojang will join its game-studio division, though the company’s founders will move on to other projects. The purchase is projected to close late this year, and will break even in fiscal 2015, Microsoft said today in a statement.