Gabe Newell: Valve Would “Disintegrate” Before Selling
Valve are the subject of a huge profile in the New York Times, and as part of the feature the Times spoke at length to Billionaire Gabe Newell. A lot of what the article covers won’t be news to Game Front readers – we already know about Valve’s famous corporate culture and hiring practices, not to mention their general history – but toward the end of the article the discussion touches on the possibility of Valve being acquired by another company.
Apparently, Electronic Arts has in the recent past broached the possibility of buying Valve outright; had the talks advanced past the ‘so, would you be interested in-’ ‘NO!’ stage of discussion, EA would have valued Valve at around 1 billion dollars. Also, EA would have utterly ruined Valve the way they ruin every one of their other acquisitions. Luckily, Valve said no, and while Gabe Newell didn’t comment in any way about the alleged talks for the article, he did offer up his thoughts on a third party acquisition of the company, and they should put our fears that Valve might let someone ruin them to rest.
Mr. Newell said that there was a better chance that Valve would “disintegrate,” its independent-minded workers scattering, than that it would ever be sold.
“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 says.