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EA Tried to Buy Valve

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Put down your pitchforks. Valve said no.

Electronic Arts, in its ongoing quest to consume the gaming industry whole, was prepared to cough up $1 billion dollars to acquire Valve, a new report has claimed.

In an article published by The New York Times, they claim to have seen a report that details the numerous opportunities Valve co-founder Gabe Newell has had in recent years to sell his much-fancied company. "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 explains.

Senior figures at EA have frequently expressed their admiration for the company, so it’s likely that the deal never materialised due to reservations on Valve’s side. After all, with the recent success of titles such as fan-favourite Portal 2 and the ongoing popularity of the Steam distribution service, Valve has proved that it’s getting along quite nicely on its own. The company’s next step is a bold move into the hardware market.



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Staff article by David Owen (September 10, 2012)

David Owen is a freelance writer who also contributes to VG247, Eurogamer, IGN, and others. He likes Gitaroo Man more than is healthy.

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zippdementia posted September 10, 2012:

Good.
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JoeTheDestroyer posted September 10, 2012:

Yeah, that's just what I'd need is someone to run Steam into the ground after purchasing all of those games.
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joseph_valencia posted September 10, 2012:

I recall hearing a rumor recently that EA itself was up for sale. Imagine that. >:-)
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zippdementia posted September 10, 2012:

I heard something similar: that it had to do with them stretching themselves too thin over the last few years. But I completely can't verify the truth of that—I only bring it up as a side note to JV's comment.

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