this post was submitted on 25 May 2024
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nanoUFO@sh.itjust.works
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[Rumor] Microsoft Reportedly Readies $16 Billion Bid to Acquire Valve / Steam (www.guru3d.com)
submitted 5 months ago by nanoUFO@sh.itjust.works to c/games@sh.itjust.works
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[–] herrcaptain@lemmy.ca 8 points 5 months ago (2 children)

Sure, but according to the article Gabe only owns about 25% of the company, so conceivably if MS throws enough money at them, surely enough people will vote in favour. I certainly hope this never happens, of course.

[–] billiam0202@lemmy.world 12 points 5 months ago* (last edited 5 months ago) (2 children)

according to the article Gabe only owns about 25% of the company

The source for that number is the same Xitter that made up the rumor in the first place:

Insights from Dior, a prominent figure in the Counter-Strike community, reveal that Gabe Newell owns less than 25% of Valve.

Valve is not a public company. Unless Dior is on the board of Valve, or know someone who is, he doesn't know the makeup of the ownership structure. Wikipedia cites a Forbes article that says Gabe owns "more than half" of Valve, although that article was published in 2011 so it's possible that's changed.

[–] herrcaptain@lemmy.ca 5 points 5 months ago

Thanks for pointing this out. It looks, from other articles, that this rumour is completely unsubstantiated anyway so I guess it's a moot point. Now that I think about it, 16 billion seems pathetically low for the money-printing machine that is Steam.

[–] nanoUFO@sh.itjust.works 1 points 5 months ago

It does pose the idea that if gabe isn't the sole owner could they be bought out. It's possible but unlikely.

[–] casual_turtle_stew_enjoyer@sh.itjust.works 8 points 5 months ago

His ownership stake is undisclosed but has long been speculated to be at least 50.1% for the obvious reason