Following weeks of speculation, software giant Microsoft on Monday officially confirmed it's spending a cool $2.5 billion to buy Mojang, a company behind the highly successful Minecraft video game which tasks players with building constructions out of textured cubes in a 3D procedurally generated world.
The Stockholm-based firm is to become part of Microsoft Studios, the Windows maker has confirmed.
The deal, subject to customary closing conditions and regulatory review, will enable “richer and faster worlds, more powerful development tools and more opportunities to connect” across the Minecraft community as the game is set to take advantage of Microsoft’s cloud and mobile technologies.