After laying off almost 2,000 people, Xbox finds itself in a position at odds with the community-first image it has cultivated for itself.
After laying off almost 2,000 people, Xbox finds itself in a position at odds with the community-first image it has cultivated for itself.
Valve is a private company. How do you do a hostile takeover of a private company? what a clown.
Phil : Sell us Valve Now!
Gabe : No
Phil : …
To paint picture Gabe is sitting on a hord of gold like a dragon and says No very quietly.
The Mafia does that all the time. Not sure Microsoft would risk that, but there’s an option.
Also, if Gabe doesn’t have 51% of the shares, Microsoft could buy those shares from the other shareholders just like with a publicly traded company, it’s just more difficult because there isn’t an open market for it. If Microsoft gets a 51% stake, they legally own the company at that point.
Valve doesn’t have stock. That’s what “private” means.
yeah I see your point but at that point it’s not hostile since I’m pretty sure that Valve has 51% between board members based on their culture and hierarchy.
The definition of “hostile takeover” is getting 51% w/o a formal agreement. So if MS approached everyone independently and got 51%, it’s a hostile takeover. And they don’t need 51% control through their own entity, they can pay independent people to do so.
I think that’s unlikely to happen, but it’s possible.