(Starts at 34:53 - Sorry, I don't know how to give a direct timestapped link from a mobile device)
There is a good 9 min clip breakdown explaining why this acquisition is anti-competitive and stating that this is just how M$ moves.
In gaming, Xbox creates, but then doesn't cultivate IP. Then, they are able to use Microsoft Office and Azure money to bully their way into relevancy. I have said it before in different threads, but I don't think Xbox is profitable or has been profitable in years.
We have little proof that the studios or IP that M$ have purchased recently will produce better material now than they have in the past.
I can make an argument that out of their many studios, the only good ones they've helped develop are Turn10 and Playground. Coincidentally, they both handle the only IP that MS has kept relevant. Its a shame what they have done with Halo and Fable. Halo for obvious reasons, and Fable should be Witcher status.
(While I think The Coalition is a great technical studio, Gears 4 and Gears 5 were nothing special gameplay/storywise. It doesn't get criticized much because people don't love that IP as much as they love Halo.)
These Phil Spencer quotes/interviews are worthless. He never really says anything. Nothing that he said addressed what Jim Ryan said, he's just talking around it. "We expect", "we desire". Jim wants a longer than 3 year commitment, M$ aren't going to give it but they can't flat out say that or UK, EU and maybe even US will stop the deal.
At first, I found this interesting and I was curious to see how this played out, but, after the last couple of weeks, I have listened to or read way too many terrible, disingenuous takes from gaming talking heads.
I wish we could just fast forward to the end and get it over with.