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Valve Kills Talk About Selling to Nexon, NCsoft

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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  • reprotected
    And then Apple sues them. Oh wait, not even article needs these pointless comments.
    Reply
  • reprotected
    every*
    Reply
  • echondo
    Good, we need more people like GabeN that have gaming companies.
    Reply
  • edogawa
    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.
    Reply
  • uglynerdman
    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.
    Reply
  • Burodsx
    Glad to hear that this is Valve's stance on selling. So tired of companies like EA acquiring companies and ruining the games.
    Reply
  • Kami3k
    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.
    Reply
  • Benihana
    Where's the picture of GabeN with the minigun? It just enhances the article when one see's him in all his BAMF glory.
    Reply
  • Gundam288
    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.
    Reply
  • lasttimeii
    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 :)
    Reply