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33. Re: Steam Grows: Eyes Your Television Jan 6, 2012, 17:55 killer_roach
theyarecomingforyou wrote on Jan 6, 2012, 17:39:
avianflu wrote on Jan 6, 2012, 16:36:
it will be interesting what happens to Steam whenever it is bought out by somebody else (aka whenever Gabe wants to cash out and retire).
Why would he do that? He owns half the company, which is reported to make $600-800m a year. He owns 50% of the company and there are suggestions that he could be a billionaire, if not he will be soon. He could be greedy but then he would have accepted one of the previous offers or taken the company public.

If that's $600-800 million a year in profit, it would likely mean, assuming the growth rate of Steam keeps up, an IPO held right now would value Valve likely somewhere in the vicinity of 1.5-2 times Sony's market cap (SNE is currently worth about $17.5 billion). Owning half of a potentially $30 billion company would mean Newell is, on paper, likely one of the 100 wealthiest people on earth. Gives him a lot of incentive to take the company public, but having that much wealth on paper also means that they likely have little need to go public so long as profit growth keeps up.
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