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11-09-2012, 10:42 PM #1
EA's been trying to buy Valve for a while
According to faceless know-it-alls chatting to the New York Times, Electronic Arts has tried multiple times to get its hands on Valve, and could have been prepared to part with $1 billion to slip the Steam platform holder in its pocket.
Rather than confirm or deny the report, Valve head Gabe Newell simply said it wouldn't happen -- or at least, that he'd rather Valve disintegrate and send its employees out into the world than sell up to another major publisher.
"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 said.
It's really hardly surprising, given that EA likes to buy hot studios and turn them into hit factories. I hope Valve continues to resist though -- we need more companies like it in this industry, not less.
So that's an alleged thing.
11-09-2012, 10:49 PM #2
11-09-2012, 11:21 PM #3
I don't think there's much incentive for Gabe to sell Valve. The company through steam is extremely profitable. This just sounds like Destructoid fishing for hits.Why yes you're right I'm deliciously evil
Tradition is the tyranny of dead men
Steam:Kadayi Origin: Kadayi GFWL: Kadayi
*blush* I'm flattered by the attention boys, but please let's not make the thread about liddle old me
Their early work was a little too new wave for my tastes....
11-09-2012, 11:24 PM #4
Well, it IS a Jim Sterling piece...
Valve would have to be insane to sell. They're doing ridiculously well as is.
11-09-2012, 11:26 PM #5
Of COURSE they are trying to buy Valve. EVERYONE is trying to buy Valve. Hell, I wouldn't be surprised if CD Projekt were trying to buy Valve.
But Valve have no incentive to sell and are more financially stable than just about anyone in the industry, so it is pointless.Steam: Gundato
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11-09-2012, 11:34 PM #6
Or, you know, the person who wrote the post on d-toid could have just read the NYT article and actually find out that there was never an offer from EA, just that they would have valued Valve at 1 billion $ if the talks ever went that far. At this point Valve is valued at around 2.5 Billion.
Furthermore Gabe said that there's more chance of Valve disintegrating than there ever coming to a corporate takeover. Not that he'd rather see this or that.
Also, fuck games journalism.
12-09-2012, 02:30 AM #7
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- Jun 2011
I vaguely remember a similar story a few years ago about MS wanting to buy Valve and when asked for comment Gabe said something like "we're not interested in acquiring Microsoft at this time"...
12-09-2012, 04:21 AM #8
12-09-2012, 02:48 AM #9
I don't think EA could afford to buy Valve at this point.
12-09-2012, 04:47 AM #10
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- Sep 2012
12-09-2012, 04:23 AM #11
I think the odds of someone inside the industry buying Valve are pretty low. I think the odds of someone much bigger, who wants an inroad into the industry (say, Amazon) doing so are somewhat greater. I don't think it'll happen while Gabe's still around, though.
12-09-2012, 05:08 AM #12
12-09-2012, 05:34 AM #13
even if gabe croaks, there is no risk for valve going public. if rest of top management leaves valve (hard or easy way) then valve going public is very very possible thing. then it can be bought.
that eventuality is years away tough.
12-09-2012, 10:00 AM #14
When Gamestop acquired Impulse I pretty much walked away from the service and the 30-40 games I had on there. Would be harder to do with my 5-600 games if Valve sold out - which is, let's be honest, entirely possible within the next 5-10 years, but less likely in the near future.
13-09-2012, 01:51 PM #15
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- Jun 2012
If you don't mind me asking -- Why?
Gamestop hasn't wrecked it imo. The client system looks pretty nice now. They offer you rewards for buying games and they offer pretty decent deals. I got Darksiders 2 from them a week ago for $30. Steam hasn't even had it that cheap yet. Best of all, just abut all their games activate on Steam.
Sorry I'm not taking part in this "takeover/buyout" thing. Was just curious towards that.
12-09-2012, 10:13 AM #16
12-09-2012, 11:09 AM #17
What's money compared to being the lead of Steam?
12-09-2012, 12:12 PM #18
12-09-2012, 12:23 PM #19EA likes to buy hot studios and turn them into hit factories- If the sound of Samuel Barber's "Adagio For Strings" makes you think of Kharak burning instead of the Vietnamese jungle, most of your youth happened during the 90s. -
12-09-2012, 01:04 PM #20
A highly profitable private company can never be safe from being taken over. Sometimes people may just want to cash out to enjoy their life while they can, you know. It's just not worth working to the death just to earn the last drop of profit. No one can earn all the wealth he desire, after all. Once you earn what you originally desire, you always want more.
That remains to be seen whether success of EA's proposal works for or against us. A solid DRM requires effort to maintain, while what a publicly listed company like EA seeks is all quick profit. Not just high profitability, but that it must be quick. Fxxk yeah, good night perfect street day protection!