Microsoft confirms buying Minecraft for $2.5 billion, details

(PHOTO: REUTERS/ROBERT GALBRAITH)Microsoft CEO Satya Nadella gestures during his keynote address at the company's 'build' conference in San Francisco, California April 2, 2014.

Microsoft Corp. has agreed to buy Stockholm-based developer and Minecraft video game maker Mojang for $2.5 billion.

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

"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."

The move is seen as Microsoft's way to get Minecraft's vast young audience into its mobile realm.

"Yes, the deal is real. Mojang is being bought by Microsoft," an official statement from Mojang said.

The ultra creative guys of the studio knows what this massive deal means for them and for the Minecraft community.

"The 'Minecraft' players have taken the game and turned it into something that surpassed all of our expectations. The acquisition by Microsoft brings a new chapter to the incredible story of 'Minecraft,'" said Carl Manneh, Mojang CEO.

"As the founders move on to start new projects, we believe the high level of creativity from the community will continue the game's success far into the future."

With Minecraft fanatics wanting to know the real reason behind this mega deal, Owen of Mojang offered an honest answer:

"As you might already know, Notch is the creator of Minecraft and the majority shareholder at Mojang. He's decided that he doesn't want the responsibility of owning a company of such global significance."

Owen continued, "Over the past few years he's made attempts to work on smaller projects, but the pressure of owning Minecraft became too much for him to handle. The only option was to sell Mojang. He'll continue to do cool stuff though. Don't worry about that."

Meanwhile, Microsoft plans to continue create and support Minecraft across all platforms it is presently available on today including Xbox, PlayStation, PC, iOS and Android.

The acquisition is still in the works and more details will be revealed upon completion of the deal.

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