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Virtual reality, real-life cash

Microsoft is buying Minecraft developer Mojang for $2.5 billion

Microsoft has agreed to buy Mojang, makers of the enormously popular video game franchise Minecraft, for $2.5 billion. Minecraft is not currently playable on Windows phones, though it has around 100 million users on iOS and Android; acquiring Mojang would thus allow Microsoft to try and tap the game's mobile potential on its own devices, too.

Mojang's majority shareholder said in a statement that he was amazed by Minecraft's popularity, but that he "doesn't want the responsibility of owning a company of such global significance."