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46 U.S. lawmakers and union urge FTC to block Saudi-led $55B EA takeover over worker and competition concerns.
Forty-six U.S. lawmakers and the United Video Games union have urged the FTC to block the $55 billion Saudi-led acquisition of EA, citing risks of job cuts, offshoring, weakened labor rights, and anti-competitive behavior.
They argue the deal, which would give Saudi Arabia’s Public Investment Fund a 93.4% stake, could harm workers amid EA’s recent layoffs and declining wages, while raising national security and human rights concerns linked to the fund’s ties to Crown Prince Mohammed bin Salman.
The FTC must now evaluate whether the merger violates antitrust laws by undermining worker protections and market competition.
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46 legisladores y sindicatos estadounidenses urgen a la FTC a bloquear la adquisición de EA por 55 mil millones de dólares liderada por Arabia Saudita por preocupaciones de trabajadores y competencia.