Sections

Valve worth $1 billion to EA – rumour

Tuesday, 11th September 2012 01:51 GMT By Brenna Hillier

Valve was the target of an EA acquisition bid to the tune of $1 billion, according to anonymous sources.

The snippet comes from the same New York Times profile article which outed the Big Picture beta and previews Valve’s VR goggles.

The report cites “two people with knowledge of the discussion” for word that talks with EA had progressed far enough to produce a solid numerical figure: $1 billion.

Valve is a private company so it’s worth can only be estimated, but industry analyst Michael Pachter values the Steam developer as $2.5 billion.

It doesn’t sound like founder Gabe Newell is keen on the idea of a buy out anyway, telling the NY Times that the company would “disintegrate” first.

“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 is quoted as saying.

EA and Valve are on friendly terms; the publisher acted as distributor for the console versions of Portal 2, for example, and EA executive Peter Moore has been known to sing the company’s praises. The two are rivals of a sort through their digital distribution services, Steam and Origin.

Thanks, GamesRadar.

Latest

10 Comments

Sign in to post a comment.

  1. DSB

    How’s that for nightmares?

    I’m surprised they aren’t setting it higher than that though. Seems like 30% on every sale isn’t as good as business as a lot of people thought.

    But then Gabe Newell is one of the wealthiest guys in the entire industry, how did that happen?

    #1 2 years ago
  2. fearmonkey

    All i have to say is NOOOOOOOOOOOOOOOOO…..

    #2 2 years ago
  3. roadkill

    Just 1 billion? No! Now 2.5..? Maybe. Anyway, I hope Gabe will keep his word this time and not let Valve fall into the hands of those a**holes.

    #3 2 years ago
  4. Omelette

    @1 What do you mean by “how did that happen?”. o.O

    #4 2 years ago
  5. Yoshi

    LMFAO! Valve owns one of the most popular, hyped and aggressive game fanbase in the entire world AND own Steam the biggest, best and most profitable digital service.

    Why would they ever think of selling XD

    #5 2 years ago
  6. viralshag

    I’d love to see Steam be bought/sold into the hands of EA just for the reaction from gamers.

    It would, of course, be a shame for the service but I think it would be worth it.

    #6 2 years ago
  7. Edo

    @6 You’re a little sadist,aren’t you now…

    #7 2 years ago
  8. Telepathic.Geometry

    Seems like especially for EA – with aspirations of digital distribution domination – that Valve would be worth considerably more…

    #8 2 years ago
  9. freedoms_stain

    @8, there’s no time frame for this offer, I doubt it was recently.

    #9 2 years ago
  10. viralshag

    @7, What can I say, I like to hear the cries of gamers… it’s why I come to this site so often.

    @8, Of course it probably is worth double that but it’s not like they’re going to openly admit that. Go in low and hope to meet somewhere half way, I reckon.

    #10 2 years ago