Roblox Raises Funding At Up To $2.4 Billion Valuation, Nears Minecraft's Sale Price

PitchBook, a financial data company, reports that Roblox is in the process of rai to $150 million at a $2.4 billion valuation that rivals Minecraft's price tag.

Microsoft purchased the studio behind Minecraft back in 2014 for $2.5 billion.

Roblox is a free to play game that empowers players to create their own worlds and mini-games. The sandbox and generated nature of the game has helped keep the base growing steadily since launch. Roblox now boasts 60 million monthly active s across all platforms.

The company has stated tha they are profitable and cash-flow positive. While there's some speculation that the company plans to go public, we think its far more likely Roblox will be bought out by a larger firm, perhaps Tencent.

Further Reading: PitchBook Post