Microsoft Corp. (NASDAQ: MSFT) could close another deal soon with reports that they are in serious talks with Minecraft Maker Mojang AB for $2 billion
Microsoft Corporation (NASDAQ: MSFT) is now in serious talks to potentially acquire Mojang AB, the company behind the popular game Minecraft, which has sold over 50 million copies since 2009. Although, the talks have been done in private, the deal is said to be worth nearly $2 billion. If amenable, the deal could be announced as early as this week.
The move is seen as part of Microsoft’s move to focus more on web-based services, spearheaded by Microsoft CEO, Satya Nadella. Additionally, the impending acquisition of Minecraft could be part of the company’s push to make the game available on the Microsoft platform. At the moment, Minecraft is available on the Xbox and the Sony PlayStation but not on Windows Phone platform. If the deal pushes through, Minecraft could be made available on Windows Phone as well.
Considering that a lot of copies of Minecraft made for Xbox have been sold, it seems imminent that the game will be tailored to suit most of the company’s existing products. However, the matter of getting the deal done is, of course, the primary concern, something that should overshadow a poor effort in trying to broaden the company’s content that previously focused on movies and music.
If and when the deal does materialize, Microsoft plans to do so by paying for the acquisition in cash overseas. Apparently, both are taking tax-related considerations as well; something that could be favorable to both should the deal be struck overseas.