EA sought to buy Valve for $1 billion - Report

Half-Life house supposedly courted for purchase by Battlefield publisher; Gabe Newell says company would rather "disintegrate" than sell out.

FIFA and Battlefield publisher Electronic Arts has reportedly been making a play to purchase Half-Life and Portal studio Valve. The New York Times reports that EA has sought to purchase the firm for years, valuing the company at well over $1 billion.

Valve isn't likely to sell to anyone anytime soon.

According to "people with knowledge of the discussion," the talks did not progress far. Valve's finances are private, but a Forbes report from March estimated the firm's value at $3 billion, with cofounder Gabe Newell's personal net worth believed to be about $1.5 billion.

Despite the billion dollar offer, Newell said Valve would prefer to "disintegrate" than ever sell out.

“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.

EA is no stranger to big buyouts. The company purchased Plants vs. Zombies and Bejeweled studio PopCap last year for $650 million in cash, with an additional $550 on the table for staffers as bonuses provided certain performance benchmarks are hit.

Got a news tip or want to contact us directly? Email news@gamespot.com

Did you enjoy this article?

Sign In to Upvote

eddienoteddy

Eddie Makuch

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.
Portal 2

Portal 2

Load Comments