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

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. 

Topics

EA Valve

37 comments

  • nethmes1 - September 10, 2012 4:39 p.m.

    I'm happy VALVe resisted the devil's temptations
  • Evanesco - September 10, 2012 4:42 p.m.

    I would gladly turn down a billion dollars to piss EA off.
  • bamit11 - September 10, 2012 5:10 p.m.

    Yeah right.
  • Mooshon - September 10, 2012 5:51 p.m.

    Ha ha
  • Voodoowolfe - September 10, 2012 4:46 p.m.

    It would be all to easy to simply sell what you worked for and let someone else take over. But EA would just destroy that work and 'go in a different direction'. Good for Valve for smelling rat and knowing better.
  • D0CCON - September 10, 2012 4:47 p.m.

    Thank you so much Valve. The gaming world gets to keep its brightest beacon of light glowing thanks to this.
  • LordZarlon - September 10, 2012 4:57 p.m.

    Henry Ford, Steve Jobs, George Lucas, Gabe Newell. These are all people who created a remarkable product, or products, for reasons beyond just making a lot of money. Make no mistake. These people wanted to make a lot of money but, they also have had their own vision for what they have created and, for better or worse, are not going to let someone else control their creations' destiny. Too bad more people weren't like these. That doesn't mean that they are all great to work for, I don't mean Valve, but they do march to the beat of their own drummer.
  • onetimebuster - September 10, 2012 5:03 p.m.

    If gordon freeman talked he would say thank you valve ^^
  • Jacko415 - September 10, 2012 5:19 p.m.

    Wow EA, just a pathetic amount of greed.
  • ObliqueZombie - September 10, 2012 6:37 p.m.

    Thank GOD.
  • ShadowDaWolf - September 10, 2012 6:46 p.m.

    Steam it still better than Origin
  • yonderTheGreat - September 10, 2012 7:46 p.m.

    On a completely unrelated note: Pizza is still more delicious than feces. (That's my way of jokingly saying "duh")
  • robotdickens - September 10, 2012 7:57 p.m.

    This only further proves how evil and stupid EA is. Evil from the fact they know they're just going to shut it down later and the fact their trying to shut down an amazing game company like this. Stupid from being 1.5 million below what the company is actually worth. Can we just close down EA, let their side companies be absorbed by better more intelligent and capable companies. And thank God for Gabe Newell. We can joke about Half Life 3 all we want but at the end of the day we know the reason that game is taking so long is because their going to craft an exceptional game that will live up to it's predecessors expectations.
  • Viron - September 10, 2012 11 p.m.

    I'd rather just see the devs go independent, get rid of all the publishers, not just EA. and the reason we don't have Half Life 3 is because Valve doesn't know what they are going to do (literally but they put it in a more vague and eloquent way).
  • robotdickens - September 11, 2012 11:59 a.m.

    I would like to too but realistically that isn't possible. Those companies probably don't have enough money to stand on their own and if they do they can't hold onto it forever. Ya but when you think about it in the meantime of them thinking they are making the engine better, trying to craft a great story. When you think about it, how many game companies do that? Usually they just send in some outside help, someone who has no idea what the game is about or has never even played it, just so they can rush it out the door. If it takes ten years to make an awesome game, then by all means do so.
  • Krazee - September 10, 2012 9:10 p.m.

    I can imagine the people at Valve were laughing hysterically when EA made this offer.
  • slimjim441 - September 10, 2012 10:03 p.m.

    Let's put EA's offer in TF2 terms: I'll trade you my Ellis Cap for your Bill's Hat. Thank God that didn't go through; EA is garbage and has ruined aspects of gaming for me. Can't wait to play Dead Space 3 though.
  • dlam - September 10, 2012 11:33 p.m.

    EA mad that Origin sucks ^ this
  • 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.

Showing 1-20 of 37 comments

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