acquisition articles

The Cornerplay: Microsoft overpaid for Minecraft by $700 million

Earlier this week it was confirmed that Microsoft is acquiring Minecraft maker Mojang for $2.5 billion. I’ve got mixed feelings about the transaction.  The press is speculating that Microsoft is acquiring Minecraft so it can “tap into a cultural phenomenon” and entice players to Microsoft’s platforms. I don’t buy either explanation.

Google acquires music streaming service Songza

Google has agreed to purchase music streaming service Songza. Terms of the deal weren't disclosed although earlier rumors pegged the purchase price around $15 million. That was before others became interested in the company which likely raised the price considerably.