Asian online gaming giants Nexon and NCsoft are rumored to be in talks with Valve, makers of the successful games "Half-Life" and "Portal", to purchase the company for around US $893 million.
Valve was started by Microsoft veterans Gabe Newell and Mike Harrington. The company rejects a traditional management structure and allows its employees creative freedom by allowing them to choose what to work on. The company's unique management style has led it to become one of the most successful and innovative U.S. based game developers. Additionally, Valve commands a lions share of the on demand market for PCs through its online game distribution service, "Steam."
Given the founders' penchant for not selling out it is unlikely that this purchase will go forward. Also, a purchase price of $893 million for a gaming juggernaut like Valve seems very low. However, in the off chance that a deal is hammered out, Nexon and NCsoft's ownership would continue the trend of Asian publishers establishing large footholds in the U.S. gaming market.
Games Beat
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