Thursday 12 December 2019

Microsoft buys Minecraft game developer for €1.9bn


Mia Shanley and Bill Rigby

Microsoft has agreed a $2.5bn (€1.93bn) deal to acquire the Swedish developer of the wildly popular Minecraft video game, as it tries to lure a new and mostly young audience into its mobile world.

Minecraft- a construction game in which players can build nearly anything imaginable, block by block, in a digital, Lego-like world - has spread like wildfire since its full release by developer Mojang in 2011.

Minecraft is the top paid-for app both on Apple's iOS and Google's Android systems and helped Mojang, which employs just 40 people, bring in 2.05bn crowns (€222m) in revenue in 2013, giving it a €97m operating profit for the year.

While the Mojang team will join Microsoft studios behind global franchises such as 'Halo', its three co-founders will be leaving to start new projects.

Irish Independent

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