News

Report: EA tried to buy Valve for $1B
Posted: 11.09.2012 05:43 by JonahFalcon Comments: 8
The New York Times has reported that Electronic Arts tried to buyout Valve for a cool one billion dollars, but the company eventually turned down EA's offer.

Valve's Gabe Newell was quoted as saying defiantly that he'd rather let the company disintegrate over time than sell to a mega-corporation that would "cash us out and wait two or three years to have our employment agreements terminate.”

Valve software is now valued at $2.5 billion, and has eyes on opening its scope to new services such as Steam TV and Steam Greenlight.

Meanwhile, this probably is one of the motivating factors for Electronic Arts instituting its own digital distribution service, Origin.
Source: GamesRadar

Comments

By nocutius (SI Elite) on Sep 11, 2012
nocutius
Thank you mister Newell :)

Steam in the hands of EA would suck a**, specially without any big competition.
By SiyaenSokol (SI Elite) on Sep 11, 2012
SiyaenSokol
I am also incredibly thankful that Mr. Newell didn't give in to that $1 billion.

I am not a fan of EA, especially not the way that they run things, so having Steam in their hands would turn things into a disaster.
By HenoKutus (SI Elite) on Sep 11, 2012
HenoKutus
Origin sucks,Steam rules
By herodotus (SI Herodotus) on Sep 11, 2012
herodotus
Honestly Heno, where do you get your moderate views on life:)
By lichlord (SI Core) on Sep 11, 2012
lichlord
im glad he turned that down imagine if theyd ruin the portal/TF/half life franchises...
By nocutius (SI Elite) on Sep 11, 2012
nocutius
What Half-Life franchise? :)
By lichlord (SI Core) on Sep 11, 2012
lichlord
lol... i know they are taking their time but i rather having them taking their sweet ol time then releasing somehing like COD which is largly a copy n paste like game lolz
By Gale47 (SI Core) on Sep 12, 2012
Gale47
BASTARDS!
I hate EA. Not their games, but the company - YES.