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Given that Valve is a private company, I hope this would also mean that it’s a bit harder for MS to attempt a hostile takeover by buying up majority stocks.
But yeah, MS can fuck right off. The only reason to buy Valve would be to reduce competition
Since it’s a private company, they can’t perform a hostile takeover. There are no shares to buy.
Actually, private companies can still have shares - they’re just not listed through a public stock markets - and the transfer of such generally need to be approved by the company.