Microsoft now owns 'Minecraft'

Microsoft is buying Minecraft maker Mojang. Reports of Microsoft’s plans surfaced nearly a week ago, and the software maker is making it official today. Microsoft is paying $2.5 billion to acquire Mojang. "Minecraft adds diversity to our game portfolio and helps us reach new gamers across multiple platforms," says Xbox chief Phil Spencer. "Gaming is the top activity across devices and we see great potential to continue to grow the Minecraft community and nurture the franchise. That is why we plan to continue to make Minecraft available across platforms – including iOS, Android and PlayStation, in addition to Xbox and PC."

There are a number of likely reasons why Microsoft is buying Minecraft, and some analysts believe the move could...

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