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Wow, that's definitely a step in the right direction. Valve has been picking up reverse-engineers (to work on VAC) for years and I've always thought about applying, but didn't want to live in WA. While I also don't particularly want to live in SF, it definitely makes it far more tempting. Very interesting.

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Valve definitely seems like a very very awesome place. I also hope to emulate their style of operations in the business i'm working on getting of the ground.

Its unclear though, if this actually means that a full on office is being rolled out in the bay area, or if its part of the agreement for getting that group of devs?

Reading between the lines, I would guess that part of the acquisition terms include that the acquired group of devs will stick around to build out a San Francisco office.

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