Key Takeaways
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- The proposed acquisition of Electronic Arts (EA) by Saudi Arabias Public Investment Fund has raised concerns from more than 40 U.S. Congress members, who urge the Federal Trade Commission (FTC) to conduct a thorough review due to potential negative impacts on gaming industry workers.
- The politicians are concerned that the acquisition could lead to further job losses or studio shutdowns, as new owners might seek cost reductions by firing employees or closing studios.
- The deal is currently under extensive regulatory review and may violate FTC guidelines if found detrimental to workers. EA claims it will retain creative control post-acquisition, but this remains uncertain until the completion of the transaction, which is expected in late 2027.
- The Congress members advocate for a comprehensive examination of the deal before its finalization due to potential violations of FTC guidelines and significant impacts on gaming industry workers.
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U.S. Congress Urges FTC to Thoroughly Review EA Acquisition by Saudi Consortium Over Job Impact Concerns
More than 40 members of the U.S. Congress have urged the Federal Trade Commission (FTC) to carefully assess the proposed acquisition of Electronic Arts (EA) by Saudi Arabia’s Public Investment Fund for approximately $5.5 billion. In a recent letter, the Congress members voiced concerns that the deal could negatively impact workers in the gaming industry, which has already experienced significant layoffs and job instability. They believe that FTC approval without thorough review could lead to further job losses or studio shutdowns. The politicians also worry that the new owners might reduce costs—potentially by firing employees or closing studios—to offset the debt assumed in the acquisition. They further contend that mergers detrimental to workers could violate FTC guidelines, so they are advocating for a comprehensive examination of the deal before its completion. EA claims it will retain creative control after the sale. However, the transaction remains subject to extensive regulatory review and is not expected to be finalized until late 2027.
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