Monday morning, Microsoft announced it was purchasing Swedish game development studio Mojang AB, makers of the staggeringly popular multi-platform video game Minecraft, for $2.4 billion. It’s a massive deal, with huge implications. Talk of the deal had been swirling for a week, and the rumored acquisition was a genuine surprise to the games and tech industry; Bloomberg stated that the purchase would be the biggest deal Microsoft has made since CEO Satya Nadella replaced Steve Ballmer as the company’s top executive three years ago.
But the mainstream press struggled to fathom why one of the biggest names in tech would want Mojang, at least for such an enormous price. In keeping with a reporting trend that follows any major happening in the games industry, there was a layer of incredulity to the proceedings.
There shouldn’t have been.