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EA and Valve held unsuccessful talks over possible $1 Billion buyout



A new report has claimed that EA have held talks over the proposed buyout of Valve. According to sources involved, EA held discussions with Valve to acquire the company for upwards of $1 Billion.


 


Valve's Gabe Newell said that there was a bigger chance that the well liked studio would 'disintegrate' than be sold to anyone, and that Valve was looking to keep their flat and independent structure.

"It's way more likely we would head in that direction than say, 'Let's find some giant company that wants to cash us out and wait two or three years to have our employment agreements terminate,'" he said.

"It's way more likely we would head in that direction than say, 'Let's find some giant company that wants to cash us out and wait two or three years to have our employment agreements terminate,' "

According to industry analyst Michael Pachter, Valve could currently be worth in the region of $2.5 billion.

Edited On 10 Sep, 2012

Comments
( 11 )
hXcPete's avatar
hXcPete 4 years ago
EA, GTFO, sincerely: Gamers.
HappyNoodleBoy's avatar
It will be a dark day in gaming if EA was ever to buy Valve, a dark day indeed
HappyNoodleBoy 4 years ago
Coolsambob's avatar
Coolsambob 4 years ago
A billion quid though. I'd have sold!
Colin (News Writer)'s avatar
A billion dollars! There's quite a big difference there :P
Colin (News Writer) 4 years ago
ozon92's avatar
ozon92 4 years ago
I'm not a PC gamer... But god, this just takes the p**s... I can't believe EA had the cheek to even ask... Even I know steam is Valves home, even with their amazing games...
skooks's avatar
skooks 4 years ago
Thank god this didn't happen. I guess it would be hard to say no to a billion dollars - I think few people would! - but in saying no it shows just how much Gabe Newell values Valve and its consumer base. I'm sure he makes enough money as it is, so it's encouraging to know he chose his integrity over greed.
Bindiana's avatar
Bindiana 4 years ago
It nice to see a company not be swayed by big money. EA taking over Valve would be a disaster in my mind.
Crockin's avatar
Crockin 4 years ago
Yeh! Gwan Gabe. You tell EA, them greedy beggers.
elaniel's avatar
elaniel 4 years ago
Sounds like EA wanted to get Valve for Steam, then they wouldn't have had to bother with Origin.
GADG3T87's avatar
GADG3T87 4 years ago
GOOD! Valve would be foolish to even consider selling especially to EA of all people, EA have ruined every company the've touched, look at what they did to the once great BioWare SWKotOR, Mass Effect are just two favorites they've ruined for me.
Anonymous user's avatar
amanda 4 years ago
EA Would never have got it. GO VALVE!

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