Microsoft Would Buy Valve ‘If Opportunity Arises’
Xbox parent company spent a lot of money on Bethesda and Activision Blizzard, but its ambitions don’t end there. Many gamers now know Xbox head Phil Spencer’s desire to acquire gaming giant Nintendo. However, the Microsoft executive had also discussed the possibility of acquiring Steam operator Valve.
Microsoft currently faces a legal battle with US regulators attempting to block the company’s acquisition of Activision Blizzard. Multiple legal documents have leaked to the media, including the one that revealed Phil Spencer’s suggestion that Microsoft buy Nintendo. However, the latest leak included a 2020 email from Phil Spencer hinting that the company has looked into acquiring Valve.
It is clear from the email that Xbox’s parent company considers Nintendo the more valuable option. However, Nintendo’s good financial situation makes both a voluntary merger and a hostile takeover impractical in the short term.
However, the final line of the email also suggests the company has taken a serious look at acquiring Valve.
“But our BoD has seen the write up on Nintendo (and Valve) and they are fully supportive on either if opportunity arises as am I.”
While the write up isn’t among the leaked documents, it seems that Microsoft’s interest in Valve extended well beyond a passing notion.
Microsoft estimated Valve's revenue in 2021 at $6.5bn
Interesting to see another view on the scale of Valve's business pic.twitter.com/ziKdXNxni3
A different leak shared by analyst Piers Harding-Rolls reveals that Microsoft estimates Valve generated about $6.5 billion in revenue in 2021. Meanwhile, the company estimates that Nintendo makes more than twice that, generating $15.1 billion. That is only slightly less than Apple and Microsoft. Given
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