Home
Games
Games News
Microsoft Nears Deal to Buy Minecraft Maker Mojang: Report

Microsoft Nears Deal to Buy Minecraft-Maker Mojang: Report

By Reuters | Updated: 10 September 2014 09:02 IST

Click Here to Add Gadgets360 As A Trusted Source

Microsoft Corp is in serious discussions to buy Mojang AB, the Swedish company behind the popular "Minecraft" video game, The Wall Street Journal said, citing a person with knowledge of the matter.

The deal is be valued at more than $2 billion and could be signed as early as this week, the Journal reported.

"Minecraft" is a game where players build structures with blocks to protect against nocturnal monsters.

The acquisition will add to Microsoft's Xbox video game business, at a time when the competition in the video game console market is heating up.

Microsoft said in April it had shipped 5 million Xbox One units to retailers worldwide since the launch. In the same month Sony Corp said it had sold more than 7 million PlayStation 4 units as of April 6 and was struggling to keep up with consumer demand.

Microsoft declined to comment.

© Thomson Reuters 2014

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.