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According to VentureBeat.com, Korean gaming giants, Nexon and NCSoft, have been participating in buy out talks with representatives of Valve. According to the report, the buy out would cost nearly $900 million.
Nexon spokesman Mike Crouch declined to comment. Valve’s spokesman hasn’t commented yet. If the talks are true, it shows the increasingly global nature of the video game business. China’s Tencent recently made an investment in U.S.-based Epic Games, the maker of the Unreal game engine and The Gears of War game series. Valve is another extremely influential game company, originally founded in 1996 by former Microsoft veterans Gabe Newell and Mike Harrington. They started out with a mega-hit, Half-Life, and have grown the company to more than 300 employees.
Reports throughout the day have indicated that both NCSoft & Nexon are denying buyout rumors. We'll keep you posted.
Read more at VentureBeat.com.