EA Wanted to Acquire Valve for $1 Billion

More

Valve Corporation has been leading the pack in digital distribution and making games that people play for hours on end, and has apparently been so successful at it that Electronic Arts was willing to shell out $1 billion to add the burgeoning PC developer into its portfolio of acquisitions. So stated a New York Times article, which indicated that EA had been trying for years to lure Valve, which would have resulted in a deal worth $1 billion if negotiations had favored in the game publisher's direction. The sources were credited to an anonymous pair with close ties to EA's interest in Valve. Fortunately for the good of the PC industry, it was unlikely to have progressed further as Gable Newell stressed that Valve would "disintegrate" the moment the reins were handed over to another company. Newell also added that "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."

• Email Link
• Print News

014 on September 10, 2012 06:25AM Holy crap. Thank Allah that EA did not buy Valve! reply to this

_TheAlexO on September 10, 2012 08:17AM This would of ruined my life reply to this

John_Grimm on September 10, 2012 08:20AM Oh, wow. What a horrifying though, Valve owned by EA. I need some feel good stuff after reading this... Let me go play some BL. reply to this

rivalary on September 10, 2012 05:22PM That. is. terrifying. I would be upset, not only of the obvious, but also that I have so much already invested in the platform. reply to this

This news has comment postings disabled because it is now archived.