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Canadian union wants federal scrutiny of EA sale over national security risks
The union says the US$55 billion deal could threaten national security and Canadian jobs as regulators weigh the foreign takeover.
- On Friday, CWA Canada formally requested that the Competition Bureau review the US$55 billion Electronic Arts Inc. takeover by a consortium including Saudi Arabia's sovereign wealth fund, Affinity Partners, and Silver Lake.
- Writing to Minister Joly on Tuesday, the union warned the deal could compromise national security by exposing sensitive personal information of millions of Canadians to a foreign state without adequate regulatory oversight.
- Carmel Smyth, CWA Canada president, warned the US$20 billion debt financing could force studio layoffs. "We're equally concerned because it's Saudi Arabia," she said, noting the country lacks necessary regulation and accountability.
- Government spokesperson Cheyenne Daly stated the government cannot comment "due to the confidentiality provisions of the Investment Canada Act." The consortium members did not respond to requests for comment.
- With the transaction expected to close in the first quarter of 2027, the union fears the acquisition will stifle creative innovation and negatively reshape the industry for workers across North America.
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The Toronto Star+15 Reposted by 15 other sources
Canadian union wants federal scrutiny of EA sale over national security risks
TORONTO - A Canadian union is asking the federal government and competition watchdog to scrutinize a takeover of one of the world's biggest video game makers by Saudi Arabia's sovereign
·Toronto, Canada
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Canadian union wants federal scrutiny of EA sale over national security risks – Energeticcity.ca
TORONTO — A Canadian union is asking the federal government and competition watchdog to scrutinize a takeover of one of the world’s biggest video game makers by Saudi Arabia’s sovereign wealth fund and a private equity firm owned by U.S. President Donald Trump’s son-in-law. The Communications Workers of America Canada says it’s concerned national security and jobs will be at risk if the consortium of buyers including the Public Investment Fund, …
Coverage Details
Total News Sources18
Leaning Left8Leaning Right0Center5Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
C 38%
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