Microsoft Bought Minecraft Maker Monjang at $2.5bn

Microsoft Bought Minecraft Maker – Monjang, the Swedish firm behind the popular video game called the Minecraft has been bought by Microsoft for $2.5bn.Minecraft is one of the top selling application on both Apple’s IOS store and Android’s Google Play, and has been released for Xbox One and PlayStation 4.

The deal was announced by Xbox chief Phil Spencer. Mojang, whose three founders will leave the company, promised fans that every thing is going to be fine.

The acquisition came a year after Microsoft bought the Finnish mobile phone firm Nokia. Some analysts have speculated the deal is designed to draw more users to Microsoft’s windows phone device.

The game developer,Mojang, which was founded in 2009, brought in over $100m in profit last year, and employs about 40 people.

The tech giant’s executive, Satya Nadella, said that” 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.”

 

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