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goes private in a groundbreaking sale, some US lawmakers are pleading for some federal oversight . Democratic members of the US Congress, as part of thethe sale to the Public Investment Fund , or the sovereign wealth fund of Saudi Arabia, Silver Lake and Affinity Partners in September, but the deal is expected to close in the first quarter of 2027.
Before the official change of ownership, the 46 House Democrats who signed the letter to the FTC are calling for more scrutiny into the impacts of the deal. The letter noted some of the most consequential effects, including the worsening of an unstable industry, the potential for more layoffs and increasedfor EA. "We respectfully urge the Commission to conduct a thorough investigation into the labor market consequences of this proposed acquisition, including EA’s existing wage-setting power, the likelihood of post-transaction layoffs, the degree of labor-market concentration in relevant geographic and occupational markets, and the role of cross-ownership in shaping labor outcomes," the letter read., the petition calls on regulators and elected officials to "scrutinize this deal and ensure that any path forward protects jobs and preserves creative freedom."
Electronic Arts Public Investment Fund Affinity Partners Sovereign Wealth Fund Thorough Investigation Federal Oversight Market Dominance Democratic Members
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