According to PC Gamer:

"[on buying Valve] We hope to make better games, that will appeal more to our audience, and make Steam more kid-friendly, by removing social features, and limiting the ESRB for only Ec-T ratings. Also, with the purchase of Valve, we will have a better team to develop our games, such as the upcoming "Shake it Up: Interactive Dance Studio", and "Phineas and Ferb: Summertime fun". We also asked Disney whether or not they will continue creating original Valve games "Well, even though Half-Life 3 is planned for a 2014 release, we decided to scrap the game, and start it from scratch with a less violent atmosphere, and a planned ESRB rating of E10+. One of the big changes we are gonna do to upcoming Valve games is more product placement, and classic Disney characters you can interact with in game". When asked about Gabe Newell's standing in the decision, Disney CEO,Bob Iger, responded "Gabe Newell agreed to sell Valve to us if we agree to continue Valve's series Left 4 Dead, and Half Life. He wants to stay in Valve, but we are negotiating with him so he could leave, and we could put our own Jerry Smith in charge of Valve."

Full article: http://www.pcgamer.com/2012/09/22/disney-buying-valve

Gabe Newell's Official Response

Disney's Official Announcement

12 years ago*

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You missed April... But it's a good one XD!

12 years ago
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Happy fools day everyone!

12 years ago
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Deleted

This comment was deleted 4 years ago.

12 years ago
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I'm not sure if you're serious or not but either way your name makes me cry.

12 years ago
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Me to. That shit belongs on xbox live.

12 years ago
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Ah, Troll threads.

Sitting right next to spam threads in the hierarchy of useless shit.

12 years ago
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He seems to be a popular person for making threads like these though...

12 years ago
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Probably better than EA buying VALVE.

12 years ago
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Yep. I would rather not have a Half Life 3 than have EA make a Half Life episode every couple of months.

12 years ago
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Thanks for the chuckle, OP. I got angry as fuck when I saw the "Phineas and Ferb game" over HL3. Troll successful, asshole.

12 years ago
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They already have blizzard, check diablo 3 :/

12 years ago
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Obvious troll is obvious.

12 years ago
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Crickets

12 years ago
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Not sure if trolling or just a disgrace to humanity...

12 years ago
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NOOOOO... early/late april fools joke? Please?

12 years ago
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I cried inside... and outside... and I started throwing feces at the neighbors, but that was a couple weeks ago so...

12 years ago
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lol. People need to learn to check the sources before reacting.

12 years ago
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You are clever.

12 years ago
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I think I speak for all of us when I say this: it's about time.

12 years ago
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I thought I remember reading that Gabe would never sell Valve.

12 years ago
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He might not sell his share but his co-owner Mike Harrington might sell out.

12 years ago
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That sounds serious. Believe it. I do.

12 years ago
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You scared me good for a minute there.

12 years ago
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Alright I can't find the trollface anywhere

12 years ago
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PLUTO > ALL

12 years ago
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How can people fall for this shit is beyond me. It's not even well written.

12 years ago
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Not well written??? Took me 8 minutes...

12 years ago
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Mickey Freeman?

12 years ago
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Awesome.

12 years ago
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Awesome.

12 years ago
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It's funny how almost nobody actually opened the links :-P

12 years ago
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Go to steamland..steamiest place evah!

12 years ago
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Closed 12 years ago by vcvc8.