auntbucky

Saudi Arabia's acquisition of Electronic Arts faces pushback from game developers, petition calls on

By Dr. Evelyn Reed | January 01, 0001 | 7 min read

The by Saudi Arabia's yono all app Public Investment Fund and private equity firms is facing more pushback, as the United Videogame Workers-CWA union has 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 yono all app all when this buyout was negotiated or discussed.

Noting that EA had to take on nearly $20 billion in debt to finance the deal—PC Gamer's Lincoln Carpenter has a if you want to know why so many people are deeply worried about how this is going to work out—the union expressed particular concern about the fate of EA studios "arbitrarily deemed 'less profitable'" in the wake of the deal. That concern is particularly pronounced given the tens of thousands of layoffs that have already occurred across the industry over the past few years, even at companies who .

"If jobs are lost or studios are closed due to this deal, that would be a choice, not a necessity, made to pad investors’ pockets—not to strengthen the company," the union said.

The union acknowledged in its statement that "regulators and elected officials alone will not save the videogame industry," and called on workers to continue organizing "to ensure that the people who make video games have a say in how they’re run."

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