Rumor: Nexon and NCsoft eye Valve buyout

More...

A South Korean newspaper is reporting that MMO companies Nexon and NCsoft are joining forces to consider buying Valve. The two companies have been gathering together funds via stock sales and real estate deals. A meeting between the three companies supposedly happened in Hawaii on September 26th to haggle on a $893 million-plus deal.

The three companies are already entangled in various business dealings. Nexon is NCsoft's biggest shareholder, and both companies have titles represented on Valve's Steam service. Additionally, Nexon licenses Counterstrike in Asia and announced that Counterstrike 2 was on the way.

NCsoft said that "there is no truth to this rumor" while Nexon refused to comment. Valve has been the subject of other attempted buyouts, including a reportedly $1 billion-plus deal from EA. Valve CEO Gabe Newell has gone on record saying that it would be more likely for Valve to disband than the company selling out.Filed under: MMO industry, Legal, Miscellaneous
Rumor: Nexon and NCsoft eye Valve buyout originally appeared on Massively on Thu, 27 Sep 2012 09:00:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments

The world really is ending, isn't it?

Rumors will always remain rumors, especially if it's about Nexon buying out valve.

Even if this happened, it'd be like Disney buying Marvel. I couldn't honestly see the only change being Nexon would put all their titles on Steam instead of using their poop website.

$893 million. Ill never go hungry again~

$893 million. Ill never go hungry again~

Surprised if he knows the third digit...Because the number 3, and the third digit is..a..3...?
Okay screw it, that didn't go right.

Seriously, this better be fake as fake can get.

Please, no no no no I don't want more Nexon on my Steam client.

Nononono please no.
At first I thought this was a "Valve buys Nexon" thing and I was happy. Then I realized it was the other way around. QQ

This has already been disproved. Can't we just remove these threads?