Surprising deal between computer software giant Microsoft and gaming guru Mojang set to complete this week.
The news is out. Microsoft is set to purchase popular and insurmountable Minecraft maker, Mojang. Executives from both companies mention that this deal will benefit not just Microsoft but both companies and this deal could be worth over $2 billion.
The Wall Street Journal was the first to report about this much-awaited deal last Tuesday. Reports also say that the deal between Microsoft and Mojang is now in its final stages and could be completed as soon as this week.
And as the two companies continue to finish all the formal preparations for the sale, industry watchers have something interesting to say about this move. Experts note that the sale is quite surprising.
To remember that Markus Persson Mojang founder has evaded outside investors interested in is company. Persson was also known to be outspoken regarding other large an established companies and firms in the in the past. However for Microsoft, this is one great deal. The company can’t wait to have younger fans more interested in their Xbox gaming consoles as well as new games that will be upcoming next season. The success of Xbox is basically due to the amazing response of its young consumers. Minecraft is basically one of the most challenging build games in PC and the success of Minecraft is partly due to its young players as well.
According to the latest reports about the sale, a spokeswoman for Microsoft declined to provide any comment. Markus Persson on the other hand did not comment about the matter as well. In August 2014, Mojang was reported to hire experts and advisers to help them make up their mind about the sale. All that was revealed was that the deal will be finalized in the last week of September 2014.
It was in 2013 when Mojang marked its amazing market sales. The company has sold over 50 million copies of Minecraft in 2013. This is despite Minecraft being released in 2009. Reports also mention that profits of Mojang for last year alone were over $100 million.
Mojang has reached several licensing deals and the most notable are with Scholastic and Warner Bros. pictures.
Microsoft Corporation is a multinational corporation from the US. Microsoft headquarters are located in Redmond, Washington. The company is a household name and industry standard in computer software; it develops, manufactures, licenses and sells software for home and office use. It also develops consumer electronics and personal computing systems. Microsoft Corporation stock market evolution:
Mojang AB is a video game developer from Sweden. As an independent developer for games, it is known for the development, marketing and sales of the game Minecraft. Mojang is proud of its free-to-build sandbox game and at present, the company is developing another game called Scrolls whilst updating Minecraft for its ever growing population of Minecraft gamers. Mojang AB is headquartered in Stockholm.
Minecraft is an indie sandbox game developed by Markus “Notch” Persson and published by Mojang. This game was released for PC use on May 17, 2009 in alpha version and updates have been gradually created for it. An android version was released in October 7, 2011, a full release version on November 18, 2011 and an iOS version on November 17, 2011. Minecraft is available in Xbox 360, Xbox Live Arcade, PlayStation 3 and 4 and on Xbox One. Minecraft has also won a lot of awards and the latest is the Golden Joystick Award in the Best Downloadable Game category in June 25, 2014.
About Markus Persson
Markus Alexej “Notch” Persson is a Swedish video game developer, programmer and designer. He is the co-owner of Mojang and the founder of Minecraft. He has won a number of awards and has gained an advantageous position in the video gaming industry since he launched Minecraft.
Scholastic Corporation is a US book publishing company. It is known for educational materials developed for schools, teaching staff, teachers, parents and also for children of different ages. Scholastic has a variety of ways of touching the lives of users; from reading clubs, book fairs and through Scholastic online stores. Scholastic is headquartered in New York City, New York, USA. Scholastic stock market evolution:
About Warner Bros.
Warner Bros. Entertainment Inc. is an American fil, television and music producer. It is one of the major film companies in the world. It is a subsidiary of Time Warner and headquartered in Burbank, California and in New York. Warner Bros. is a Motion Picture Association of America (MPAA) member. Warner Bros. Entertainment Inc. Time Warner stock market evolution: