Microsoft Is Officially Buying Minecraft For $2.5 Billion

Microsoft is officially buying Mojang, the Swedish game developer behind the hugely popular game "Minecraft," Microsoft announced on Monday.

The deal will cost Microsoft $2.5 billion and the acquisition will close towards the end of the year. "Minecraft" has been downloaded more than 100 million times on PC in the past 5 years and is the most popular game on Microsoft's Xbox gaming system.

Microsoft is attempting to reassure Minecraft fans who have been vocal about their concerns for the game's future. “ ‘Minecraft’ is one of the most popular franchises of all time,” said Phil Spencer, head of Xbox. “We are going to maintain ‘Minecraft’ and its community in all the ways people love today, with a commitment to nurture and grow it long into the future.”

The people at Minecraft were less comforting: "We’re still working a lot of this stuff out," Minecraft wrote in a blog post on Monday. "Mega-deals are serious business."

Original post: http://www.huffingtonpost.com/2014/09/15/microsoft-buying-minecraf_n_5822002.html?utm_hp_ref=technology