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Submitted by journovampire 1233d ago | news

Valve: 'We're not selling up to a Korean company.'

Chet Faliszek, writer of many acclaimed Valve games, has quashed rumours that the company was in the midst of an acquisition by Korean game publishers Nexon and NCsoft (Chet Faliszek, Dev, Industry, PC, PS3, Valve, Xbox 360)

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NYC_Gamer  +   1233d ago
Why would they sell?Valve is making too much profit.
#1 (Edited 1233d ago ) | Agree(26) | Disagree(3) | Report | Reply
Bladesfist  +   1233d ago
To those who have disagreed valve has at least doubled profits every year for the past 7 years.
HammadTheBeast  +   1232d ago
If it was Nexon, I would've burned my computer and thrown it through Valve HQ windows.
MrDead  +   1233d ago
I wouldn't have even commented on this if I where a member of Valve, just another b.s. story on the internet.
Kenshin_BATT0USAI  +   1233d ago
Company stock prices could suffer if rumors like that are left unchecked.
MrDead  +   1233d ago
stock prices normally go up if successful company like Valve is going to sell.
pr0digyZA  +   1233d ago
Doubt it would go up if an American company got sold to a Korean company, don't think there would be enough faith.
ColdAssassin  +   1233d ago
Valve is a private company. They dont need to report anything.
CBaoth  +   1233d ago
Valve is a private company
They need not appease anyone but themselves. In 2005, Forbes reported gross revenues of 70 million. Last year, over 1 billion. They make more profit on average than Google, Apple, and MS. Valve is estimated to be worth somewhere between 3-4 billion now so all these rumors of "a billion dollar acquisition from (insert company here)" are laughable.

EDIT: Cold beat me to it so I elaborated a little
#2.1.4 (Edited 1233d ago ) | Agree(7) | Disagree(3) | Report
pr0digyZA  +   1233d ago
Well to add to whats been said, the Korean company was offering less than what EA was offering

Valve is owned by a number of people, and much of the staff would probably leave before their contracts are up.
killerhog  +   1232d ago
I don't like Korean games at all, I played a few and its boring, unoriginal, and in the cases of the games I played, its a hassle to progress so they "have" *cough* push *cough* the option to purchase items. They killed justice league when that greedy arse Korean company made a game for it on iPod and look at the reviewers complaining that its impossible to progress without buying items. It's like at 2 stars or 3. So I'm glad valve won't sell to them.

Edit
Hit replied to wrong person sorry.
#2.1.6 (Edited 1232d ago ) | Agree(0) | Disagree(0) | Report
FarCryLover182  +   1233d ago
This is true because they are selling to me.
Griffin4871  +   1233d ago
The thought is laughable. NCSoft already crushed City of Heroes like it was nothing (subject for closure in November). Their business decisions are far too unusual for non-Asian developers.
nchizimbi  +   1233d ago
If Valve Software sold, every single gamer out there would seriously HATE them... I would be leading the rage to their office with an AXE in hand wanting Gabe's head (LOL).

Gabe has done an amazing job with Valve. The company started out as a developer... they were doing just great with their library of games. But with the successful development and implementation of Steam, they are their own publisher. Valve Software is a success story that should be left alone to operate.
#5 (Edited 1233d ago ) | Agree(4) | Disagree(1) | Report | Reply
KillerPwned  +   1232d ago
Gabe will never sell out he is a utter fool if he ever did. I truly believe he is one of the most inspirational people in video game history. Especially for PC gamers.
MorbidPorpoise  +   1232d ago
Valve should just buy Korea.
MySwordIsHeavenly  +   1232d ago
Gabe: "Which one?"
MorbidPorpoise  +   1231d ago
Choices, choices.... How about both?
wastedcells  +   1232d ago
Gangnam style?

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