As Microsoft continues to finalize their acquisition of Activision-Blizzard, questions still looms on if they’ll continue this purchasing spree the industry seems to be in currently. In an interview with Xbox boss Phil Spencer confirms they aren’t done buying studios.

“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.” Spencer said to Squawk Asia.

The Xbox head also talked up Sony, “Sony is a larger business than we are in gaming today, and they continue to invest. It’s a highly, highly competitive market. We strive to be a major player. We want to deliver great content for our players, and we’re going to remain active.”

While their acquisition with Activision-Blizzard is certainly massive at over $68.7 billion. It makes sense that Microsoft would be looking at more purchases based on the actions of their competitors. There’s a long list of companies that have been acquired by the two companies mentioned by Spencer.

To give a quick glance, Sony has picked up Destiny, and former Halo, developer Bungie. Tencent’s more recent dealings include Ubisoft and FromSoftware, the latter of which Sony also purchased a major stake in.

Since it appears neither of those companies are planning on slowing down anytime soon, Microsoft will also seemingly continue their buyouts in order to compete against competitors in the video gaming sphere.