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Zkuq said:
JEMC said:

Microsoft would buy Valve 'if opportunity arises,' said Phil Spencer in leaked email
https://www.pcgamer.com/microsoft-would-buy-valve-if-opportunity-arises-said-phil-spencer-in-leaked-email/
The FTC and Microsoft are presently in court over the FTC's desire to block Microsoft's acquisition of Activision Blizzard, and as seems to happen every time a big gaming company goes to court, there's been an accidental leak of confidential documents.
One of the documents is a 2020 email from Xbox chief Phil Spencer (via The Verge) in which he said that Nintendo is the most desirable gaming company Microsoft could acquire. Tucked into the end of that email is the comment that the Microsoft Board of Directors has seen "the full writeup on Nintendo (and Valve)" and is "fully supportive on either if opportunity arises."
>> And who wouldn't, right?

That would range from mildly concerning to an absolute nightmare, depending on what Microsoft would do. I find it very valuable that PC gaming is not in the hands of the main platform holder, and in fact supports other platforms quite well.

I highly doubt this would ever get regulatory approval. Unlike ABK, this would essentially give Microsoft a monopoly in PC gaming. That would easily 90% of the entire market, if not more.