Microsoft still hasn't closed the deal to buy Activision Blizzard. But, if you ask Phil Spencer, Microsoft Gaming CEO, the tech giant is already on the lookout for its next buyout.

In a Squawk Asia interview, Spencer claims that he's not ruling out further acquisitions even if it still hasn't finalized the massive Activision Blizzard buyout.

Here's what Spencer had to say about whether Microsoft will "remain acquisitive": This is such a competitive market, I don't think we get to press pause on anything. Tencent is the largest gaming company on the planet today, and they continue to heavily invest in gaming content and game creators. https://twitter.com/asiasquawkbox/status/1570606911187451904

Spencer's words echo a recent trend in the gaming industry. Sony can complain all it wants about the impending exclusivity of Call of Duty but it's not innocent. Sony has established a pattern of "auditioning" smaller studios with exclusive PlayStation titles only to acquire the studios months later. Housemarque and Bluepoint Games are the best and the most recent examples of this. Spencer made sure to point this out in the same interview as he defended the company's buying spree.