Microsoft Corp on 15 September 2014 acquired the Swedish video game company Mojang for 2.5 billion US dollars. With this acquisition, Microsoft aims to lure young audience into its mobile world.
Microsoft is primarily known for business software like Word and Outlook. But the acquisition of Mojang will help Microsoft expand its gaming division which also includes game franchises such as the Halo shooter game and Forza racing game.
Microsoft Corp is an American multinational corporation headquartered in Washington. It was founded by Bill Gates and Paul Allen in April 1975. It is the world's largest software maker as measured by revenues.
In 2013, Microsoft bought the handset and devices division of Finnish mobile phone firm Nokia for 7.2 billion US dollars. In 2011, it spent 8.5 billion US dollars in acquiring Skype which has its roots in Scandinavia and the Baltics.
Mojang is a Stockholm-based developer of the wildly popular Minecraft video game. It is with the Minecraft that Mojang brought in287 million US dollars revenue for the country in 2013.
Mojang was co-founded in 2009 by Markus Persson who developed the hit Minecraft game. Markus Persson previously worked at Sweden's King Digital Entertainment Plc who made the Candy Crush Saga game.
However, with this acquisition Persson will be departing the Mojang.
Introduced in 2009, Minecraft has sold more than 50 million copies for PCs, smartphones and videogame consoles like Microsoft's Xbox. Minecraft is the top paid game app on Apple Inc's iOS and Google Inc's Android systems.
It is a construction game in which players can build nearly anything imaginable in a digital world.
Who: Microsoft Corp
When: 15 September 2014