Unionized EA staffers are not happy about that proposed Saudi-backed acquisition
The key points from the news article are: 1. Unionized EA employees, through the Communications Workers of America union, have issued a strong statement against the proposed $55 billion private acquisition of EA by Saudi-backed investors. 2. The employees' concerns are not about Saudi Arabia's human rights record, but rather that workers were not represented in the acquisition negotiations. 3. The employees worry that any job losses resulting from the acquisition would be a choice made to benefit investors, not a necessity. 4. The employees have launched a petition urging regulators to scrutinize the deal, arguing that private equity and billionaire takeovers often lead to a loss of worker power and visibility. 5. The acquisition is being backed by the Saudi Arabia Public Investment Fund, Silver Lake, and Jared Kushner's Affinity Partners. Some U.S. Senators have also voiced concerns about the deal. 6. The article notes that the FTC has declined to comment on the pending acquisition, and there are suggestions the deal may not face significant regulatory opposition.
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