Millions of people each year -- including many in Georgia -- play thousands of hours of video games. One of those games is called Minecraft, which is currently owned by a company called Mojang. Recently, Microsoft made mergers and acquisitions news by announcing that it will purchase Mojang, and thus, the popular computer and Xbox 360 game. The game can also be played on mobile devices, such as tablets.
The recent announcement indicates that Microsoft is willing to pay $2.5 billion for Mojang, which is more than rumors indicated earlier. Reportedly, Mojang will be absorbed into Microsoft's gaming powerhouse, Microsoft Studios, which created games such as Fable, Forza and Halo. The deal is expected to be finalized toward the end of this year, and Microsoft expects to regain its investment in the 2015 fiscal year.
Some sources are somewhat surprised about the deal, considering the fact that Mojang was always considered an independent company that did not adhere to traditional public relations models. This could change once the acquisition is complete. Only time will tell how this deal will affect the millions of Minecraft fans.
When it comes to mergers and acquisitions, hundreds of hours can go into the negotiation process. Companies across the country and here in Georgia will need to conduct their due diligence by scouring every aspect of a business before offering or accepting a deal. Then, it becomes necessary to complete the legal and business components. All of these activities will most likely require the advice and assistance of someone who is aware of how the process works in order to give the deal the best chance of success.
Source: Forbes, "Microsoft To Buy Minecraft Maker Mojang For $2.5 Billion", Samantha Sharf, Sept. 15, 2014