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Here's an example of how something is easy to suggest. But difficult to do because the details, that would be relevant to the parties involve, make it impossible. Of course OP doesn't need to be concerned about any of that which makes his two sentence fantasy so easy to lob out.
Bonus points for the umpteenth: Valve should do this reactionary thing because other companies are doing things. And if Valve wants to "survive" they need to do things too!
So many armchair CEO's seem to love the business strategy centering on FOMO.
And that's why Valve should pull a rabbit out of their hat and buy EA, Ubisoft, Epic, MS and Sony. They'll never see it coming! /s
Personally I doubt they will buy anything, there is no reason to yet, and in order for the other companies to stay clear of Monopoly territory, odds are Steam will have nothing to worry about in the foreseeable future.
Why not dream a little and advocate Valve pick up Apple or Amazon?
You cannot "control" a company by buying 51 % of the shares. That's a Hollywood myth. The board also has to approve a buyout (in most companies with a 2/3 majority) as dp the main investors. And the later will NEVER accept a buyout to a private company.
Your post didn't explain your line of thought leading to the conclusion that Valve should make these purchases. Can you please clarify?
Because it would immensely benefit players. Valve is the good guy. They need to save gaming while they still can before the evil overlords buy all of gaming! They would never do something as evil as EA as introducing lootboxes into their titles. Or close servers. Or engage in FOMO tactics.
Throwing goofy little buzz words around doesn't make it true. There's nothing ToXiC about a digital store front just because you don't like it.