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.

  • @lordnikon
    link
    English
    511 months ago

    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.

    • @[email protected]
      link
      fedilink
      English
      711 months ago

      How do you do a hostile takeover of a private company?

      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.

      • @lordnikon
        link
        English
        -2
        edit-2
        11 months ago

        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.

        • @[email protected]
          link
          fedilink
          English
          811 months ago

          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.