Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 18, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Newell: Valve would 'disintegrate' before selling out

Newell: Valve would 'disintegrate' before selling out

September 10, 2012 | By Mike Rose

September 10, 2012 | By Mike Rose
Comments
    28 comments
More: Console/PC, Business/Marketing



"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.'"
- Valve boss Gabe Newell explains that it's more likely Valve would "disintegrate," employees departing, before he would sell it to another company.

Not that Newell hasn't had opportunities to sell the company, reports the New York Times. According to "two people with knowledge of the discussion," Electronic Arts was previously interested in acquiring Valve, which was valued for over $1 billion.

That figure most likely wouldn't cut it nowadays, however -- Wedbush Securities' analyst Michael Pachter believes that Valve is worth around $2.5 billion today.

[UPDATE: We've updated the headline and the EA acquisition reference to better reflect the original NYT article.]


Related Jobs

Wevr
Wevr — Venice, California, United States
[10.18.19]

Senior Game Designer/Scripter (Blueprint, UE4)
University of Exeter
University of Exeter — Exeter, England, United Kingdom
[10.18.19]

Serious Games Developer
Square Enix Co., Ltd.
Square Enix Co., Ltd. — Tokyo, Japan
[10.17.19]

Experienced Game Developer
Big Red Button Entertainment
Big Red Button Entertainment — El Segundo, California, United States
[10.17.19]

Rigger, Technical Animator









Loading Comments

loader image