Update — Sept. 15, 12:37 P.M. ET
Microsoft has announced that it has acquired Stockholm-based games developer Mojang — the company behind Minecraft — for $2.5 billion.
Microsoft's head of Xbox, Phil Spencer, said: "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.”
You can watch Microsoft's Phil Spencer discussing the acquisition here:
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