this post was submitted on 26 Jan 2024
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Xbox Is Not Your Friend (www.kotaku.com.au)
submitted 1 year ago by [email protected] to c/[email protected]
67 comments fedilink hide all child comments
 

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.

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[–] lordnikon 5 points 1 year ago (1 children)

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] 7 points 1 year ago (1 children)

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 -2 points 1 year ago* (last edited 1 year ago) (1 children)

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] 8 points 1 year 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.