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Those games will simply vanish, along with the user’s account.
I’m not a legal expert, but as far as I’m aware, there’s no precedent in law that prevents Valve from doing this.
Millions of gamers enjoy the service’s seamless community services, low prices and excellent selection. While I will be keeping my current Steam games (of course) I will no longer be buying products there.It is impossible to make your games available once your account has been deactivated and your information deleted or archived.Once we have permanently deactivated the account, we will not be able to reactivate the account upon a future request. If you don’t want to accept the new terms of service you have the right to have all the games you purchased deactivated. This is troublesome not just because of the class-action issue.If I were to leave Steam by disputing their new terms of service I would be giving up access to about 100 games that I have paid for.Most of us are in deep with Steam, and we’ll only get in deeper as time goes on.
This is, at least in the United States, entirely legal.