"Mr. Zaremba said big tech companies were offering him two or three times what he believed his real market value was" Seems this fellow knows a whole lot more about computers than he does markets hahaha
If Bill Gates takes a fancy to a $100,000 mountain cabin and the owner doesn’t want to sell, he could offer $10 million for it, but that doesn’t increase the market value of the cabin.
Once the owner accepts that bid, the liquidity in the market has been completely taken, and the likely future market value reverts to ~100,000.