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Valve: “We’re pretty happy”, not selling to Nexon

Friday, 28th September 2012 16:24 GMT By Nick Akerman

Valve’s Chet Faliszek has moved quickly to abolish rumours the company are planning to sell. Speaking at Eurogamer Expo, Faliszek rubbished reports the group is going to be acquired by Nexon.

Korean newspaper JoonAng printed a story suggesting the two organisations had met in Hawaii and agreed a $893 million acquisition.

Faliszek explained the situation is similar to another report where Apple were rumoured to be interested in the company.

“It’s the same as when Tim Schmidt came by and visited us,” Faliszek explained.

“It’s weird, because Gabe just gave that interview to the NYT which everyone was quoting – it’s weirdly twisted how they took it. They were asking if we were going to sell out to someone and Gabe was like, we’re not going to do that. The guy made the question to be about, ‘how’s this going to end’.”

Faliszek suggested a deal isn’t on the horizon.

“There’s no thoughts about that – everyone likes working there, we like working together we like. The culture we have and the way it works because of all the parts of it. We’re not changing any of that, we’re pretty happy. We’re doing OK.”

Thanks, GI.

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5 Comments

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  1. DSB

    You can’t takeover a private company :P Buying a company like Valve would be an acquisition.

    I think this is just typical financial neurosis. Any trader would be dying to sell a company like this at a time like this, so they instantly assume that everyone else would too.

    #1 2 years ago
  2. Nick Akerman

    Oops, I didn’t mean to write takeover. Cheers for the spot!

    #2 2 years ago
  3. TheWulf

    Valve would have to be absolutely mad to sell to anyone, anyway. Really, utterly mad. They’re a massive, privately owned company. Newell himself has admitted to insane riches, so… why would you toss that away for a lump sum? Considering Valve’s unending success, looking at the big picture and the long term, $893m is likely chump change to them.

    And they’re really going from strength to strength. EA has been the only publisher to pull away from Steam, and… well, look at their stocks. EA is currently in a stock freefall, and that might have to do with the large amount of PC gamers who despise their software enough as to not buy their games.

    Not only that, but indies and small publishers tend to trust Valve a lot, too. And to be fair, Valve does give them a lot of face time on the front page of their site. Especially when it comes to things like sales.

    And as the market shifts back towards the PC more and more with each day, Valve will only become more important. At this point, I’m actually wondering when EA will throw in the towel, shut Origin down, and hand out Steam codes for all games bought on their service.

    #3 2 years ago
  4. Da Man

    Of course they are happy, why on Earth would they want to share those 30 percent per submission with anyone.

    #4 2 years ago
  5. freedoms_stain

    £893 million, when the company is rumoured to have a valuation in the billions?

    #5 2 years ago