"Senators Richard Blumenthal and Elizabeth Warren have called on the Treasury Department to hit the brakes on Saudi Arabia's private-equity-backed buyout of Electronic Arts over national security concerns, including the deal giving a foreign country unfettered access to "sensitive consumer data." They've demanded an investigation into the risks associated with the unprecedented agreement which is expected to earn a $500 million windfall for the banking partners involved in the fees alone."
""We urge you and the Committee to apply searching scrutiny to this unprecedented, proposed foreign privatization of a major American technology and entertainment company and request that you provide the Permanent Subcommittee on Investigations and Senate Committee on Banking, Housing, and Urban Affairs information on how CFIUS (Committee on Foreign Investment in the United States) plans to ensure that the national security risks arising from the proposed acquisition may be mitigated," the Democratic senators wrote in a letter to Treasury Secretary Scott Bessent this week."
Senators Richard Blumenthal and Elizabeth Warren requested that the Treasury Department pause the Saudi Public Investment Fund's private-equity-backed acquisition of Electronic Arts pending national security review. The senators raised concerns about potential unfettered access to sensitive consumer data and the PIF's ability to influence EA's design, features, and product decisions to advance Saudi government objectives. They warned the deal could allow the regime to dictate narratives in video games and project cultural influence. The letter asked for CFIUS mitigation plans, information for congressional oversight committees, and assurances from the Trump Administration about risk mitigation.
Read at Kotaku
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