It turns out Saudi Arabia will own 93.4 percent of EA if the buyout goes through, which is effectively all of it

https://lemmy.world/post/39664786

It turns out Saudi Arabia will own 93.4 percent of EA if the buyout goes through, which is effectively all of it - Lemmy.World

Lemmy

How is this even legal?
What exactly about it is it you feel should be illegal?
Foreign country buying a US corporation.

US companies by foreign companies all the time, look at the food and drink corporations.

This is not a new or strange thing

Except many foreign countries have stricter legal frameworks for corporations.

The “corporations are people” legal fiction means they have rights here. Citizen’s United has fucked this country in profoundly dumb ways.