Electronic Arts tried to buy Valve for $1 billion

ea almost bought valve for 1 billion electronic arts buys

Electronic Arts’ relationship with Valve has been contentious to say the least. When it’s come to individual projects, the two have never seen quite eye to eye. When Electronic Arts published The Orange Box in 2007, collecting Half-Life 2, it’s downloadable episodes, Portal, and Team Fortress 2, Valve blamed EA for the subpar quality of its port to the PlayStation 3. More recently their scuffles have been on a grander scale, with the companies coming to verbal blows over how Valve shares Steam sales revenue and over EA’s Steam competitor Origin.

It wouldn’t be a fight at all if Electronic Arts had its way though. It would simply own Valve.

A Saturday story on Valve in The New York Times said that EA has entered talks to purchase Valve in the past. Two sources that wished to remain unnamed indicated that while talks never reached the point of EA making a formal bid for the Half-Life company, it was prepared to pay as much as $1 billion.

Co-owner and company founder Gabe Newell however said that the likelihood of his fiercely independent company selling to an Electronic Arts, or one of the other major multi-national publishers like Activision or Ubisoft, is about as likely Nintendo selling off the Mario brand. Newell said that Valve would sooner “disintegrate” than sell out to a major publisher.

“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.”

Valve’s certainly attractive to the behemoths of the gaming industry. In addition to the company’s lucrative brands like Counter-Strike, Left 4 Dead, and the upcoming Dota 2, Valve is the industry leader in digital distribution on PC, a market poised to overtake physical game retail in the next generation. Steam already commands a membership of 54 million active users, and growing.

Valve is currently valued around $2.5 billion, a figure that’s only going to grow if the company’s new ventures are successful. Forget EA, Valve’s competitors now are the hardware makers of the world. Sony, Microsoft, and even Apple are the companies Valve is interested in taking on next. The company began hiring industrial engineers this month as it looks to begin building PC gaming hardware. As detailed in the Times article, it’s also working on wearable computing gear like gaming goggles. Valve is even getting into more basic computing utilities, selling non-gaming apps through Steam.

By the end of this decade, it might be Valve buying EA.

Photography

Photography News: Instagram’s disappearing likes, the best photos of the year

In this week's Photography News, see why Instagram is testing a version that excludes the number of likes a post gets. Also, see the impressive winners from two photography contests and the latest features coming to the Fujifilm X-T3.
Movies & TV

The best shows on Netflix right now (April 2019)

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Gaming

Make some room in your backlog. Here are all the games to look out for in 2019

2019 is already a huge year for video games, with a large number of series getting new installments, including some that have been dormant for years. Brand new franchises are also being created.
Mobile

The Department of Justice may prevent the T-Mobile-Sprint merger

T-Mobile and Sprint are getting closer to merging. After a few failed attempts, the two companies announced their merger at the start of 2018. The new T-Mobile could be better positioned to take on the likes of Verizon and AT&T.
Gaming

Here are the best games to play with your friends on the Nintendo Switch

The Nintendo Switch's hybrid design adds convenience to your gaming time, allowing you to play Switch games both at home and on the go. The design also benefits multiplayer experiences, from co-op to competitive and online to offline.
Deals

Amazon sale knocks 20% off Nintendo Switch, Pro Controller, and games

A new wave of savings on gaming content is crashing down in celebration of Earth Day. Amazon is slashing prices up to 20% off for used Nintendo Switch consoles, games, and accessories like the Switch Pro Controller.
Gaming

Epic Games bans more than 1,000 cheaters in 1st week of Fortnite World Cup

Epic Games has already banned more than 1,000 cheaters in the Fortnite World Cup. The developer is taking cheating seriously, especially as players are competing for a $1 million prize pool in every week of the qualifiers.
Gaming

Get Nindie with it and check out these awesome indie games for the Switch

The Nintendo Switch's portability makes indies feel at home on the platform. Luckily, there are plenty of great titles to choose from. Here are our picks for the best Nintendo Switch indie games.
Gaming

Mortal Kombat 11 DLC characters reportedly leaked: Who’s next after Shang Tsung?

A datamine on Mortal Kombat 11 reportedly revealed all the DLC characters that will be added to the game's expansive roster. The leak corroborates the hint that the anti-hero Spawn is on his way to joining the fighting game.
Gaming

You're not a true fan without these Nintendo Switch exclusives

Who doesn't love a good Nintendo game? If you're looking for great first-party titles for your Nintendo Switch, take a look at our list of the very best exclusives available right now.
Gaming

The hottest Nintendo Switch games you can get right now

The Nintendo Switch's lineup started off small, but games have steadily released as the console continues through its second year. Here are the best Nintendo Switch games available now.
Gaming

These are the must-have games that every Xbox One owner needs

More than four years into its life span, Microsoft's latest console is finally coming into its own. From Cuphead to Halo 5, the best Xbox One games offer something for players of every type.
Gaming

Apex Legends update 1.1.1 failed in fixing hitbox issue of Caustic, Gibraltar

Respawn Entertainment tried to make Caustic and Gibraltar more playable with Apex Legends version 1.1.1. The Fortified passive ability is meant to reduce incoming damage by 10%, but it is not working properly.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Robots that eat landmines and clean your floors

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it's fun to gawk!