Over the years, many attempts have been made to buy-out Valve. In fact, one hopeful suitor was Electronic Arts whom at one point was interested in picking up Valve to the potential tune of $1 billion.
Why then did Valve's Gabe Newell refuse to take the cash and run?
Estimates made by industry analyst, Michael Pachter, place Valve's worth at around $2.5 billion (USD). All of Valve's assets have been funded internally without money from outside investors.
(via New York Times)
Why then did Valve's Gabe Newell refuse to take the cash and run?
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.
“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.
Estimates made by industry analyst, Michael Pachter, place Valve's worth at around $2.5 billion (USD). All of Valve's assets have been funded internally without money from outside investors.
(via New York Times)