Democrat-Led Labor Caucus Urges FTC Review of EA Acquisition

[cryptoenthusiast]

A planned acquisition of Electronic Arts by Saudi Arabia’s Public Investment Fund, Jared Kushner’s Affinity Partners, and private equity firm Silver Lake could face delays after a Democrat-led Labor Caucus urged the FTC to review the deal.

In a letter, 46 House Democrats expressed concern over labor market concentration, layoffs, and long-term competitiveness in the U.S. video game industry. They highlighted that the $20 billion debt financing could pressure the acquirers into cost-cutting measures, potentially affecting EA employees and studios.

[johnblockbuster]

makes sense lawmakers are pausing this, ea employees could get hit hard if cost-cutting happens