Is Steam still owned by valve?

Is Steam still owned by Valve, yes, Steam is owned and operated by Valve Corporation, and has been since its launch in 2003, and remains its core business. Steam was originally created by Valve as platform to distribute updates for its own games like Counter Strike and Half-Life 2, then expanded to become digital storefront for third party games, and today is dominant PC gaming platform with tens of thousands of games and over 100 million active users. Valve is private company co founded by Gabe Newell and Mike Harrington, headquartered in Bellevue Washington, and is not publicly traded, so Steam is not owned by outside corporation like Microsoft or Sony, though there have been rumors over years about acquisition, none have happened. Valve continues to develop Steam with features like Steam Workshop, Steam Deck, SteamVR, and seasonal sales. Revenue from Steam, which takes percentage of sales, funds Valve's game development and hardware projects. Because Valve is private, ownership structure is not fully public, but Gabe Newell holds large stake. So Steam remains owned by Valve and is integral to Valve's identity and profitability, and there is no indication that ownership will change in near future.