Monday, September 10, 2012

EA Considered buying Valve, company would more likely "disintegrate" says Newell

No not the awesome Disintegrate spell in Diablo 3!
 According to an anonymous source in the report, competitor and partner EA once eyeballed Valve for a possible purchase valued at over $1 billion, but Gabe Newell says the company would “disintegrate” before being sold.
“It’s way more likely we would head in that direction [disintegration] 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.
As a privately held company, Valve keeps the specifics of its finances inside a crowbar-braced vault, but Wedbush Morgan analyst Michael Pachter estimates the company’s worth at $2.5 billion.

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