The $55 billion acquisition of Electronic Arts by Saudi Arabia’s Public Investment Fund and private equity firms is facing more pushback, as the United Videogame Workers-CWA union has put out a statement calling on regulators and lawmakers to “ensure that any path forward protects jobs, preserves creative freedom, and keeps decision-making accountable to the workers who make EA successful.”
“EA is not a struggling company. With annual revenues reaching $7.5 billion and $1 billion in profit each year, EA is one of the largest videogame developers and publishers in the world,” the union said.
“EA’s success has been entirely driven by tens of thousands of EA workers whose creativity, skill, and innovation made EA worth buying in the first place. Yet we, the very people who will be jeopardized as a result of this deal, were not represented at all when this buyout was negotiated or discussed.
