Microsoft acquired Activision Blizzard King for $69 Billion on 2023-10-13

Yea the only way I can see it happening is if Gabe is sick and is ready to retire.
Not even then. Gabe doesn't like MS. I think he'd rather dissolve Valve than hand it over to MS.

He's already talked about grooming internal people to take over Valve once he leaves.
 
During the injunction case with the FTC against Microsoft, Corley ruled that the FTC had failed to make a strong case for stopping the acquisition. Unsurprisingly, this private anti-trust lawsuit was dismissed back in March over similar findings. However, the group had amended its complaint since then, adding in additional information from Microsoft and Sony Interactive Entertainment to support its argument.

Due to the amendment, Microsoft has opted to settle the case out of court. The exact terms are not publicly known, but both parties have since petitioned the court to dismiss the case with prejudice, confirming that an agreement has been made.
 
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