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Microsoft to Buy Minecraft Creator Mojang for $2.5 Billion

Microsoft will buy Stockholm-based game developer Mojang, the creator of the “Minecraft” video game franchise, for $2.5 billion.

Microsoft said it expects the acquisition to be break-even in the full-year 2015 on a GAAP basis, and expects the acquisition is to close in late 2014.

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This article originally appeared on Recode.net.