Update: NO SALE – Valve says Google isn’t buying the company
The latest acquisition rumor is that Google Inc. (NASDAQ:GOOG) may acquire Valve Corporation. Valve is best known for the games, Half-Life and Counter-Strike. The rumor was started by “well placed sources” of The Inquirer.
Why would Google buy a gaming company? Valve has a content distribution system called Steam. Steam is a way to get download free and paid games to PCs and Macs. Access to this 24/7 online store saves consumers time from having to go to a store to buy them. Steam has about 15 million users that have access to buy 440 games according to TechCrunch.
This deal is completely speculative. Personally I don’t believe the acquisition will happen because I don’t see the synergy here. But The Inquirer has it’s sources and at one point I wrote that I did not believe that Google would buy YouTube. If the acquisition does happen, this blog post will be updated.