zddgame
/
Gaming News
/
EA sought to buy Valve for $1 billion - Report
EA sought to buy Valve for $1 billion - Report-January 2024
Jan 11, 2025 11:04 PM

  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.

Comments
Welcome to zddgame comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Copyright 2023-2025 - www.zddgame.com All Rights Reserved