Popular streamer Dior has reported that Microsoft is looking to make a massive $16 billion bid to purchase Steam, the largest PC gaming distribution platform. The streamer claims that Microsoft is valuing Valve, Steam’s parent company, at an overall evaluation of $80 billion, with the $16 billion offer being in cash. This potential acquisition could be a game-changer for the gaming industry as Microsoft seeks to expand its presence in the market.
Microsoft has a strong focus on gaming, but has struggled to compete with Sony’s PlayStation in terms of console sales. Despite being the developer of the widely-used Windows operating system, Microsoft has also faced challenges in game development for the platform. Acquiring Valve and integrating Steam’s popular games and services could give Microsoft a significant edge in the gaming market.
If the rumors are true, the gaming industry could see a major shift, especially considering Microsoft’s success with the Xbox Game Pass subscription service. Bringing Steam’s extensive library of games into a subscription model could attract even more gamers and subscribers. With Valve’s reported revenue of $13 billion, the acquisition may present some financial challenges at the current price, but the cash component of the offer could make the deal feasible.
To stay updated on the latest gaming and esports news, readers can sign up for early access to the TalkEsport mobile app. They can also follow TalkEsport on Twitter and Google News to ensure they don’t miss out on any exciting updates in the gaming world.
Article Source
https://www.talkesport.com/news/microsoft-to-acquire-valve-for-16-billion-reports/
