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(Microsoft)

Report: Microsoft in Talks to Buy Minecraft Maker

Features Reuters

Microsoft Corp (MSFT) 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.

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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.