The head of Xbox, Phil Spencer, has said that he is happy with the progress being made in the company's effort to buy Activision Blizzard.

Speaking to Bloomberg, the exec said that he understands the scrutiny that it is currently facing. The proposed acquisition is being investigated by regulators around the world. He added that this is far and away the biggest deal he has ever overseen, echoing remarks he had previously made. 

“I feel good about the progress that we’ve been making," Spencer said. "But I go into the process supportive of people who maybe aren’t as close to the gaming industry asking good, hard questions about ‘what is our intent? What does this mean? If you play it out over five years, is this constricting a market? Is it growing a market?’

He continued: “I’ve never done a $70 billion deal, so I don’t know what my confidence means. I will say the discussions we’ve been having seem positive.”

In January of this year, Xbox announced its intent to buy Activision Blizzard for a record breaking $68.7 billion.