Valve president Gabe Newell says company would ‘disintegrate if acquired’
Electronic Arts was ready to part with as much as $1 billion to acquire Valve Software, according to a new report.
EA chief operating officer Peter MooreA report by the New York Times wrote that: “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”.
The article claimed the information had come from “two people with knowledge of the discussion who spoke on condition of anonymity because the talks were private”.
However, Valve company president Gabe Newell said the company would “disintegrate” if it was purchased by another company.
“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.
In the past five years Electronic Arts has spent more than $1 billion on acquisitions in the social and mobile space. The company has bought the likes of PlayFish, Firemint and PopCap.
Wedbush Securities analyst Michael Pachter estimates that Valve should be valued at around $2.5 billion.
The Washington based games studio is believed to make far more money from its Steam digital distribution service than sales of its own games.
Peter Moore, the second-in-command at EA, told the New York Times that Valve is “on the cutting edge of the future of this industry”.
Nice try EA.
You’ll never go to the middle school dance with Valve.
I’D RATHER DIE A FREE MAN THAN LIVE AS YOUR SLAVE, EA.
- hi-this-is-zeisel reblogged this from totallynotagentphilcoulson
- minespatch1 reblogged this from filthyjarbushman
- superfanflail reblogged this from lavisant
- deepchrome likes this
- tri-forcing reblogged this from fortyeahteamfortress2
- delusionalesg likes this
- springbreakout likes this
- arrancar5489 likes this
- arrancar5489 reblogged this from fortyeahteamfortress2
- pepperbots likes this
- zaydesithon reblogged this from frenchy-and-the-sea
- crystalis178 likes this
- youllneverbehalfthemanyourmomis reblogged this from lavisant
- dunmercusswords likes this
- cielleduciel likes this
- rectuserectus likes this
- heauegerkergerk reblogged this from queen-of-france
- frenchy-and-the-sea reblogged this from lavisant
- queen-of-france reblogged this from lavisant
- rottenmeats reblogged this from kasepon and added:
- frstdlmncwd reblogged this from lavisant
- critacola likes this
- wynnmiyabi reblogged this from lavisant
- davestridersexybutt reblogged this from sharklyweekly
- windatyourfeels reblogged this from princeaspartame
- crockercorpofficial reblogged this from princeaspartame
- sharklyweekly reblogged this from princeaspartame
- wynnmiyabi likes this
- lordlargeorangesofdickery reblogged this from kasepon and added:
- melonvelope reblogged this from princeaspartame
- kasepon reblogged this from lordlargeorangesofdickery and added:
- princeaspartame reblogged this from catbountry
- dataglitch likes this
- undead-potatoes reblogged this from tiktac
- undead-potatoes likes this
- tiktac reblogged this from lavisant and added:
- chocolate-baccara-rose likes this
- diirawringly likes this
- rawrmadeofawesome reblogged this from fortyeahteamfortress2
- evenstrangerthandanger reblogged this from fortyeahteamfortress2
- fortyeahteamfortress2 reblogged this from lavisant
- xenithion reblogged this from totallynotagentphilcoulson
- moves-like-swagga reblogged this from seselapod
- silenttinsoldier reblogged this from morelikecg
- sugarbrown-skin reblogged this from rayebug
- rayebug reblogged this from autosage
- tcho-san reblogged this from usbdongle
- caitycatrex likes this