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Valve Kills Talk About Selling to Nexon, NCsoft

By - Source: GamesIndustry | B 29 comments

Another acquisition rumor has been nuked by Valve.

On Thursday a report in JoongAng, one of the top newspapers in South Korea, claimed that NCsoft and majority shareholder Nexon met with Valve Software in Hawaii to discuss a possible acquisition. The meeting supposedly took place on Wednesday during Nexon's developer summit.

The deal itself was said to be worth more than $893 million USD, and would combine popular Nexon games like the free-to-play MapleStory, NCsoft's Guild Wars 2, and Valve's Half-Life and Left 4 Dead franchises. It would also mean Nexon and NCsoft would have direct access to the Steam platform which controls around 70-percent of this digital distribution market.

Thursday's report seemingly contradicted what Valve CEO Gabe Newell said in a recent interview with the New York Times. He told the paper that he'd rather see Valve disintegrate – its workers scattered like ants scrambling from a smashed hill – than selling the studio to a large publisher like Electronic Arts.

"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.

NCsoft reportedly denied the JoongAng report, and now Valve has stepped forward to squash any rumors regarding a possible Nexon acquisition. "It's the same as when Tim Cook came by and visited us," said Valve's Chet Faliszek, referring to a rumor that Apple was in talks with Valve about a possible acquisition.

He goes on to talk about the interview with the New York Times, that this latest rumor was weird given that Newell was quoted as saying there will be no sellout – ever. "It's weirdly twisted how they took it," he added. "They were asking if we were going to sell out to someone and Gabe was like, we're not going to do that. The guy made the question to be about, 'how's this going to end'."

Rest assured: there are no thoughts about selling out, he said. Everyone likes working at Valve Software as it stands now. "We like working together," he admitted. "We like the culture we have, and the way it works because of all the parts of it. We're not changing any of that. We're pretty happy. We're doing OK."

He then went on to officially deny rumors of a possible acquisition by anyone. "It's funny because now all the internal emails will start - 'what's going on, this makes no sense!'" he mused. "Where can these rumors possibly come from?"

He believes the Apple rumor stemmed from someone working at the steakhouse restaurant next door. "Whenever anyone eats there who has some security, they therefore must be meeting with us or something! I don't know, it's bizarre."

If Agent Mulder taught us anything, it's to trust no one, the government denies everything, and the truth is out there. All these acquisition rumors... just a coincidence despite the denials?

 

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Top Comments
  • 27 Hide
    echondo , October 1, 2012 4:16 AM
    Good, we need more people like GabeN that have gaming companies.
  • 17 Hide
    edogawa , October 1, 2012 5:26 AM
    Valve being bought out, ugh...I shiver at that thought. Valve is so successful as a company I don't see why they would sell out to another company. I love Valve and Steam; be a real shame to see something happen.
  • 10 Hide
    bluekoala , October 1, 2012 11:59 AM
    I wish I could buy EA and lay everyone off. EVERYONE.
Other Comments
    Display all 29 comments.
  • -6 Hide
    reprotected , October 1, 2012 4:07 AM
    every*
  • 27 Hide
    echondo , October 1, 2012 4:16 AM
    Good, we need more people like GabeN that have gaming companies.
  • 17 Hide
    edogawa , October 1, 2012 5:26 AM
    Valve being bought out, ugh...I shiver at that thought. Valve is so successful as a company I don't see why they would sell out to another company. I love Valve and Steam; be a real shame to see something happen.
  • 5 Hide
    uglynerdman , October 1, 2012 5:27 AM
    I wish Valve steam would buy Bioware from EA. i really dont like EA and their business model of over expensiveness the deluxe mass effect digital? 80 bucks. wt... it makes me fear that ea is corrupting games like dragon age and ultimately masseffect already showed signs of EA influence in me2. the story is great. the way they make you buy dlc to feel like ur getting a full game instead of an expansion isnt cool.
  • 7 Hide
    Burodsx , October 1, 2012 5:56 AM
    Glad to hear that this is Valve's stance on selling. So tired of companies like EA acquiring companies and ruining the games.
  • 9 Hide
    Kami3k , October 1, 2012 6:13 AM
    uglynerdmanI wish Valve steam would buy Bioware from EA. i really dont like EA and their business model of over expensiveness the deluxe mass effect digital? 80 bucks. wt... it makes me fear that ea is corrupting games like dragon age and ultimately masseffect already showed signs of EA influence in me2. the story is great. the way they make you buy dlc to feel like ur getting a full game instead of an expansion isnt cool.


    Bioware is already ruined. Brent Knowles because of the direction DA2 was going, Drew left early this year and he has set the storylines for many of Bioware's games.

    And now the founders left and even defended the fans who were critical of the past few games they released.

    Bioware is gone.

    Now back to topic, Of course Valve wasn't going to be sold to anyone. Hell neither company has the money to even buy Valve.
  • 5 Hide
    Benihana , October 1, 2012 6:41 AM
    Where's the picture of GabeN with the minigun? It just enhances the article when one see's him in all his BAMF glory.
  • 0 Hide
    Gundam288 , October 1, 2012 7:21 AM
    I have a feeling that meeting might have been related to the recent "F2P" or "P2W" titles that were released by Nexon that were put on Steam. (maplestory, Combat Arms, etc.) I know that a few of them run pretty bad on steam which could explain why they might meet.

    But, going back to the rummor of EA trying to buy Valve/steam. I lol at it given that there was a rumor that Nexon was trying to buyout EA a while back.


    Was their talks by EA, NCsoft, and or Nexon to buy out Valve/Steam? It's possable, but doubtful given Gabe's public stance on selling out the company.
  • -3 Hide
    lasttimeii , October 1, 2012 8:24 AM
    Nexon = worse company ever funny how hey try and try to patch hacks like god mode and a few days later hackers get it working on maplestory/combatarm i use to love playing maplestory and combatarm but its just sad if it would be like battlefield 3 it wold be perfect for me to play again , sure bf3 has hackers but not like nexon thats one of the bad thing about f2p get banned make new accounts battlefield 3 get banned pay 20$+,i prefer a pay 2 play game anytime then f2p that's just me :) 
  • 10 Hide
    bluekoala , October 1, 2012 11:59 AM
    I wish I could buy EA and lay everyone off. EVERYONE.
  • 1 Hide
    Anonymous , October 1, 2012 12:01 PM
    I can just imagine the conversation between Nexon or NCsoft and Valve:
    "Hey, we want to buy your company."
    "Do you have $3 billion handy?"
    "Uhh...never mind, then."
  • 0 Hide
    matt_b , October 1, 2012 1:13 PM
    With so many "rumors" popping up and so frequently, one cannot help but think about the possibility of some kind of deal happening at one point or another. Then it comes back to the point of how great of an acquisition Valve would be, these guys are a huge target for just about any major company. Gabe says what he does though and I have faith in his word because he has a heck of a lot more credibility than anyone else in this industry. It's too bad we can't multiply guys like this and place them at the helm of many other companies, ethics and morality are sorely missing these days.
  • 0 Hide
    back_by_demand , October 1, 2012 1:16 PM
    Steam had the right idea that online distribution would become the de-facto method for buying your games and years before anyone else, of course other people want to buy them out when they didn't think it was a safe bet all those years ago, of course they want to buy into it now whilst market share can only get bigger. Rightly so Steam should tell potential buyers to get bent. Offers to buy from major players arise only because they see a multiple return on investment, if they plan to buy for a billion it means they expect to see returns of several billion. Gabe can keep all that cheddar for himself if he just stays his course.
  • -1 Hide
    bllue , October 1, 2012 1:46 PM
    With how poisonous the big publishers have been (EA, Activi$ion) I don't see many great companies selling out any time soon, especially now when there's crowd funding like Kickstarter. What happened to Bioware - a company that has been long hailed for making some of THE best series and RPG - should be an example to everyone else.
  • 0 Hide
    jwcalla , October 1, 2012 1:52 PM
    The media is absolutely incorrigible.
  • -4 Hide
    bustapr , October 1, 2012 4:04 PM
    hastenEvery company should have an exit strategy...

    well the exit strategy is precisely, gabe will carry the company until the moment of ruin if it were ever to come.

    closure of the company you love with your dignity > money and big publisher milking your old companies name(bioware, IW, RARE(FU M$)).
  • 1 Hide
    fuzzion , October 1, 2012 4:17 PM
    Guild wars 2 did not need steam to sell over 3 million digital copies. But it would have been more convenient to have them sell it on Steam.
  • 0 Hide
    targetdrone , October 1, 2012 4:54 PM
    Nexon, at least Nexon NA is a horrible horrible company. I like Mabinogi, I wished it were managed by a better company that actually cared about the community instead of how take another $ from the players.
  • 0 Hide
    DroKing , October 1, 2012 4:57 PM
    hastenSecondly, I understand you are a youngster, but what does bioware and infinity ward have to do with MS? Also this isn't Valve the video game company anymore. It's Valve, the owner of Steam - the biggest digital distribution platform in all the land. If you are still holding onto Valve as a publisher/developer, well lol to you.


    Hasten, the joke is on you brah because He is right on saying FU microsoft. Microsoft bought out Rare as he stated in (FU msft). Go back to internet school.
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