Electronic Arts tried but failed to purchase Valve for around $1 billion recently
According to the New York Times, EA has made several recent attempts to buy out Valve with the most recent offer being around $1 billion.
Valve has reportedly rejected the offers with the reasons being they are currently happy with their status as a small privately-owned company and EA not coming anywhere close to the actual value of the company which is estimated to be around $2.5 billion.
According to Gabe Newell, the company also thinks had a deal been reached, EA would just terminate the company in a couple of years while keeping the sole rights to all the IPs owned by Valve. Newell would rather have the company shut down than be bought out if the choice was ever to be realistically made. Gabe Newell has said:
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Oh Ea, you so funny. Recently, you tried to buy a majority share on most game companies, then this. You never learn, don't you EA? Good job to Valve for sticking to their guns.
Lets start a Kickstarter to raise money so Valve can buyout the majority of EA shares.
Gabe ate them as his revenge.
You show them Valve!
Gabe, he's certainly one of the "good guys" of this industry. An inspiration if you will.
When two opposite worlds collide... War is inevitable.
Thank goodness. the last thing gaming needs is for EA/Origin to swollow up Valve/Steam.
Valve made a very smart move with that one.... Very smart company.
Damnit EA don't you dare. We've really got to stop giving EA money, it's turning into an evil empire.
If that happened,I'd quit gaming for all my reincarnations in the universe.
Exactly what I'd expect from Valve. Bravo.
Love that comment dude, pmsl!!! Wish I coulda thumbed it up!
Awesome, a dev who thinks of the consumer rather than selling out offering no choice. I fell out with Newell when he badmouthed my console of choice, but this is a bold and honest way to keep your fanbase.
Mannnn EA is not having a good time lately, first Nintendo stood up to them with the Origin/Nintendo Network thing and now Valve looked at em and went....."Only a billion"
But we all know why this is happening, EA wants Origin to overtake Steam at ANY COST!
I applaud you Newell.
That number was from around the Steam Summer Sale (i.e. everyone was playing Mass Effect 3). I bet that number is a lot lower now, at least not indicative of people who actually use it. But yeah, you're right.
Good call. Never sell the company out to EA or Microsoft.
If EA bought Valve: "Coming Soon- Counter Strike: Bad Company 5, Team Fortress 3 (now super realistic and bland), Left for Dead Space, Portal 3 (now a third person shooter) and Half Life 2: Episode 7!"