I dont fear Larian being sold to anyone, M$ or otherwise.
The experience with Bioware shows that the moment you sell to a big company like EA, Microsoft etc, its downhill from then.
The reason is actually very easy for anyone who knows companies like this: they only look to make big bucks on the shortterm. There is no longterm thinking there. Longterm the company will be ruined ? The owners will just sell their stock and move elsewhere.
Well an in case of Bioware it apparently also was the rampage of an especially woke leadership. Apparently the boss checked everyones socials before hiring new people, and unless you are terminally woke, you wont get hired. Great way to kill any company.