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

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NYC_Gamer2146d ago (Edited 2146d ago )

Why would they sell?Valve is making too much profit.

Bladesfist2146d ago

To those who have disagreed valve has at least doubled profits every year for the past 7 years.

HammadTheBeast2146d ago

If it was Nexon, I would've burned my computer and thrown it through Valve HQ windows.

MrDead2146d 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_BATT0USAI2146d ago

Company stock prices could suffer if rumors like that are left unchecked.

MrDead2146d ago

stock prices normally go up if successful company like Valve is going to sell.

pr0digyZA2146d ago

Doubt it would go up if an American company got sold to a Korean company, don't think there would be enough faith.

ColdAssassin2146d ago

Valve is a private company. They dont need to report anything.

CBaoth2146d ago (Edited 2146d ago )

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

pr0digyZA2146d 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.

killerhog2146d ago (Edited 2146d 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.

Hit replied to wrong person sorry.

+ Show (3) more repliesLast reply 2146d ago
FarCryLover1822146d ago

This is true because they are selling to me.

Griffin48712146d 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.

nchizimbi2146d ago (Edited 2146d 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.

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