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Microsoft nears deal to buy Minecraft maker Mojang : WSJ

Microsoft nears deal to buy Minecraft maker Mojang : WSJ

(StartName) – Microsoft Corp <MSFT.O> is in serious discussions to buy Mojang AB, the Swedish company behind the popular “Minecraft” video game, The Wall Street Journal said, citing a person with knowledge of the matter.

The deal is be valued at more than $2 billion and could be signed as early as this week, the Journal reported.

“Minecraft” is a game where players build structures with blocks to protect against nocturnal monsters.

The acquisition will add to Microsoft’s Xbox video game business, at a time when the competition in the video game console market is heating up.

Microsoft said in April it had shipped 5 million Xbox One units to retailers worldwide since the launch. In the same month Sony Corp <6758.T> said it had sold more than 7 million PlayStation 4 units as of April 6 and was struggling to keep up with consumer demand.

Microsoft declined to comment.

(Reporting By Subrat Patnaik; Editing by David Gregorio)

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