Chet Faliszek, writer numerous acclaimed Valve games, has quashed rumours that the company is in the midst of an acquisition by Korean game publishers Nexon and NCsoft.
Speaking to GamesIndustry International, Flaiszek categorically denied the rumours, saying they were fabricated, much like those pertaining to an acquisition by EA and Apple.
"It's the same as when Tim Schmidt came by and visited us," he explained, referring to the Apple rumours. "It's weird, because Gabe just gave that interview to the NYT which everyone was quoting - it's weirdly twisted how they took it.
"They were asking if we were going to sell out to someone and Gabe was like, we're not going to do that. The guy made the question to be about, 'how's this going to end'.
"There's no thoughts about that - everyone likes working there, we like working together we like. The culture we have and the way it works because of all the parts of it. We're not changing any of that, we're pretty happy. We're doing OK."
Earlier this week reports claimed Korean game publishers, Nexon and NCsoft, were pooling funds to purchase the Portal, Counter-Strike, Half-Life and Steam developer.
According to a report posted on Korean site, NCsoft CEO Taek Jin Kim and Nexon CEO Kim Jung-ju recently met at a private developer summit to discuss the possibility of a merger and the acquisition.
In June, Nexon became the largest shareholder in NCsoft by purchasing a $685 million stake in the company. This has led to speculation that both companies are combining efforts in a bid to acquire Valve.
The New York Times recently published a report stating EA sought to acquire Valve for $1 billion. However, Valve president, Gabe Newell later said the company would rather "disintegrate" than be purchased by another company.
In July 2007 Valve inked a deal with Nexon for free-to-play, microtransaction-driven version of Counter-Strike tailored specifically for the Asian market. Nexon was given development and publishing rights in South Korea, Japan, China and Taiwan.
Nexon has maintained a business relationship with Valve over the years. In April it revealed Counter-Strike Online 2, a sequel that running on an "enhanced" version of the Source Engine.
An NCsoft representative has also said "there is no truth to this rumor."