I was about to buy a Portal 2 - Two Pack, but I'm not sure how to proceed:

What happens to the second license when I buy the Two Pack? Will I still be able to 'gift' the second license to somebody else?

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3 Answers

If you buy it for yourself, 1 license is automagically added to your account, much like any other Steam purchase.

The other becomes accessible in the "Gifts and Guest Passes" window (Games -> Manage Gifts and Guest Passes):

From here you can send the game license via email or to anyone on your friends list.

If you buy it as a gift then both licenses will be accessible through the "Gift and Guest Passes" window, and you won't be able to give yourself a copy.

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When you purchase a pack from steam, one game is automatically added to your account and you will have the ability to grant the remaining gift key(s) to anyone on steam. So yes, you want to purchase it for yourself if you want the ability to keep one copy.

If you purchase as a gift, you can also send your gift through email to someone who doesn't own steam. So, you can easily send this email to your own address and 'claim' your own gift if necessary.

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