US lawmakers are calling for stricter oversight of Electronic Arts' $55 billion sale to a Saudi-backed investment fund, citing potential negative impacts on workers and the industry as a whole. A group of 46 Democratic House members have written to the Federal Trade Commission (FTC), urging it to conduct a "thorough review" of the proposed acquisition.
The lawmakers are concerned that the deal could lead to increased layoffs, worsen an already unstable gaming industry, and give the new owners even more control over wages. They specifically want regulators to examine how this acquisition will affect labor markets, including the potential for post-transaction job losses, concentration in certain geographic areas, and the impact of cross-ownership on worker outcomes.
The letter, which has gained support from both the Communications Workers of America union and the United Video Games union, expresses a desire to ensure that any path forward protects jobs and preserves creative freedom. The sale is set to close in the first quarter of 2027, but lawmakers are pushing for more scrutiny before then.
As the gaming industry continues to evolve, lawmakers are taking notice and demanding greater oversight to protect workers and promote fair competition.
The lawmakers are concerned that the deal could lead to increased layoffs, worsen an already unstable gaming industry, and give the new owners even more control over wages. They specifically want regulators to examine how this acquisition will affect labor markets, including the potential for post-transaction job losses, concentration in certain geographic areas, and the impact of cross-ownership on worker outcomes.
The letter, which has gained support from both the Communications Workers of America union and the United Video Games union, expresses a desire to ensure that any path forward protects jobs and preserves creative freedom. The sale is set to close in the first quarter of 2027, but lawmakers are pushing for more scrutiny before then.
As the gaming industry continues to evolve, lawmakers are taking notice and demanding greater oversight to protect workers and promote fair competition.