Microsoft to acquire Minecraft maker Mojang for $2.5 billion

STOCKHOLM: Microsoft Corp said on Monday it has agreed to acquire Stockholm-based games developer Mojang and the company's wildly popular Minecraft video game franchise for $2.5 billion.

Microsoft said in a statement it expects the acquisition to be break-even in fiscal year 2015 on a GAAP basis. The deal is expected to close in late 2014.

"Gaming is a top activity spanning devices, from PCs and consoles to tablets and mobile, with billions of hours spent each year," said Microsoft CEO Satya Nadella.

"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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