Ive never been around this much paper – Breaking News & Latest Updates 2026
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FTC v. Microsoft: all the news from the big Xbox courtroom battle

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‘I’ve never been around this much paper.’

Phil Spencer is flicking through exhibits as he continues to be questioned by Microsoft’s lawyers about the Xbox business. He jokes he’s “never been around this much paper.”

The exchange followed questions around Xbox exclusives.

“Is it incorrect or correct to say that Microsoft will always make its games exclusive?” asked Microsoft’s lawyer.

“That’s incorrect,” says Spencer.

“Does that include ZeniMax games?”

“Yes,” says Spencer.

“And Activision games?”

“Yes,” Spencer confirms.

Microsoft argues exclusivity will always be a case-by-case decision, but the FTC fears it will make plenty of Activision games exclusive.

Evidentiary Hearing Held In San Francisco As FTC Seeks Injunction In Microsoft And Activision Blizzard Merger
Phil Spencer talks with Microsoft attorney Beth Wilkinson.
Photo by Justin Sullivan/Getty Images
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