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EA wanted to pay over $1 billion for Valve, says report

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According to a report published today in the New York Times, Electronic Arts offered more than a billion dollars in an attempted buyout of Valve, but was ultimately turned down by the PC gaming company.

The sources asked to remain nameless, but both confirmed that EA had made a billion dollar pass at the Half-Life, Portal, Team Fortress, Dota 2, Counter-Strike, Left 4 Dead and Steam creator. Valve figurehead Gabe Newell was quoted as saying he'd rather let the company disintegrate over time than sell out to a mega corporation. 

“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'.”

There is no word on when this attempted buyout may have taken place, but Valve is apparently currently valued at $2.5 billion. Which seems to indicate this was an event that took place some time ago before Steam became such a runaway success. It's possible (though entirely speculation) that EA sought to buyout the market leader in PC digital distribution before developing their own solution, Origin. 

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EA Valve

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37 comments

  • NullG7 - September 12, 2012 5:34 p.m.

    Title = lols even if its not recent how could they hope to buy the gun that costs $400,000 thousand dollars to fire for 12 seconds with a lump 1 bill that evens out to buy a about 8 hours and 20 minutes of continuous fire not including gas of sandviches. Not bad but not good enough... P.S. It probably costs like 1 bill to make a sandvich anyway...
  • SR3000 - September 11, 2012 7:03 p.m.

    It's clear what we have to do. We have to keep Valve going forever. Let's not let valve disintegrate. FOR HALF-LIFE, FOR PORTAL, FOR TEAM FORTRESS 2! FOR ALL VALVE GAMES. AND ESPECIALLY FOR SCIENCE!
  • Longnuts - September 11, 2012 5:50 p.m.

    I think I would die a little inside if EA bought Valve. Way to go Valve!
  • Meleedragon27 - September 11, 2012 5:05 p.m.

    This story reminds me of a similar one a few years ago where EA tried to buy Take Two Interactive (the parent company of R* and 2K Games). It's always nice to see a company stand their ground and not give in to giant publishers so easily, especially when said publishers are waving money in your face. That said, I'll also say it's a good thing Valve is a private company, or else EA would be going after their stocks next (just ask Take Two... or Ubisoft).
  • Grif - September 11, 2012 1:38 p.m.

    Umm... that's not entirely accurate. "Not that Mr. Newell hasn’t had opportunities to sell out. Valve has been pursued over the years by Electronic Arts, which would very likely have valued Valve at well over $1 billion had the talks progressed that far, said two people with knowledge of the discussion who spoke on condition of anonymity because the talks were private." It was just speculation that EA would have payed $1 billion.
  • ColtPersonality - September 11, 2012 8:22 a.m.

    I came to this thread to see a anti-EA circle-J, I wasn't disappointed.
  • Kinnolo - September 11, 2012 7:41 a.m.

    I'm glad they turned EA down. EA has gotten so large that they know they can publish any old crap and make a profit. So they do. It would be nice if Steam was able to make enough money to buy EA out. And people realize how bad EA has gotten, that's why Origin is dwarfed by Steam so badly.
  • lewis-barclay - September 11, 2012 5:34 a.m.

    EA would only whore them out anyway.
  • amagasakiseb - September 11, 2012 2:32 a.m.

    I think Valve should offer EA $0.10 for a 100% stake in their business. I personally don't value EA very highly so the shareprice reflects it lol
  • tehtimeisnow - September 11, 2012 12:28 a.m.

    to bad it didnt happen cuz steem sucks and ea is a amazeing compeny they could have turned them around easily
  • karlmonse - September 11, 2012 1:34 a.m.

    LOL^^ you're Esteem might suck but Steam sure does not! Of course, they WOULD have easily turned them around. If they would let.It is not about the money. -_- Thats the whole point here....
  • karlmonse - September 11, 2012 1:36 a.m.

    i meant: your Esteem ^^
  • Ulricmag - September 13, 2012 4:40 p.m.

    i was going to report you for this blasphemous comment... but the lard Newel shall smite thee... WITH SCIENCE!!!
  • karlmonse - September 11, 2012 12:22 a.m.

    Also i'd like to be honest with you guys here. I think EA is a harmless fool. But i guess not everyone here will think so positive. seriously EA is history now, and everyone knows that they missed the train. They are so stupid that they would even try to buy fruit in an apple store! ^^
  • karlmonse - September 11, 2012 12:16 a.m.

    I would love to mentaly duel myself with EA, but i see already that they are unarmed...
  • Thedigitalg - September 11, 2012 7:31 a.m.

    This is the worst use of a hip-hop trope I have ever seen. You should feel bad.
  • karlmonse - September 11, 2012 8:28 a.m.

    that is no hip hop trope you dwarf ^^ Shame that you think of rap when reading such words. Shame. *hush* back in your dog basket
  • Thedigitalg - September 11, 2012 9:47 a.m.

    ...what? Either way, you can't mentally battle a corporation. So wherever you got that from, it still makes no sense and you should still feel bad.
  • dlam - September 10, 2012 11:33 p.m.

    EA mad that Origin sucks ^ this

Showing 1-20 of 37 comments

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