Gaben already refused to sell to EA and made it abundantly clear that we would rather let valve die than go public.
Microsoft also just recently said they’d buy Nintendo if they could.
All this means is that Microsoft is filthy rich and still doesn’t know how to make an original quality game studio. They seem to overly rely on buying out studios and IPs that are successful to rake in more money.
spoiler
All of which reeks of an oligigopoly and reminds me of even worse companies like Oracle and AT&T
That leaked email conveniently assumes the owner of Valve would sell it. I can’t think of a reason for Gabe to do that.
This is the biggest problem with Valve at the moment. They’re awesome, but only because of the current leadership. Once these guys retire or die, it’s very likely Valve will enshittify like every other business.
Valve needs to be hit by regulators at some point. They just have too much market power.