EA Wanted To Acquire Valve
Electronic Arts had an interest in buying out Valve according to The New York Times. EA was in very early stages of talks with Valve to buy them out. If the talks had not fallen through, EA would have valued Valve at around $1 billion. Valve co-founder Gabe Newell said that the company’s financials are confidential so it is not known how much the company is worth.
Wedbush Securities’ Michael Pachter estimates that Valve is worth around $2.5 billion especially considering the popularity of Steam. Newell believes that Valve is more likely to fall apart than it would be sold off.
“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,’” said Newell.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry