Valve's Gabe Newell confirms Steam Box games system in development

Speculation that video game developer and distributor Valve could compete directly with Sony, Microsoft and Nintendo in the console stakes has been rife since March, when the corporation's MD Gabe Newell floated the possibility to Penny Arcade. The hardware has since been dubbed "Steam Box," after the digital distribution system Steam, pioneered by Valve. Speaking to Kotaku, Newell has now confirmed that Valve does indeed have a "Steam Box" in the works, though he did not refer to it by that name.

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