Microsoft and Xbox have invested millions of dollars in acquiring major studios over the past few years. Thanks to this, Xbox Game Studios has expanded like never before and is currently one of the industry’s most prominent development forces.

What you need to know Microsoft Gaming CEO Phil Spencer spoke with Bloomberg regarding the Xbox business, sharing details on a number of topics.Spencer says that Microsoft is keeping an eye on video game acquisitions that can "add to what we're trying to do" but that there's nothing "imminent" to expect.

Sony just released a $700 PS5 Pro, a mid-gen console upgrade that offers better performance than the base PS5.While we still don’t know how well the PS5 Pro is selling, thoughts have inevitably turned to whether Microsoft will follow suit and offer a mid-gen console upgrade of its own.