作者TyuzuChou (润润润)
看板Stock
标题[新闻] 美商艺电EA就500亿镁估值私有化进行谈判
时间Sat Sep 27 07:26:10 2025
原文标题：
Videogame maker EA in advanced talks to go private at roughly $50 billion
valuation
原文连结：
https://tinyurl.com/2tr8hrpk
发布时间：Sat, September 27, 2025 at 2:46 AM GMT+8
记者署名：
Reporting by Juby Babu in Mexico City and Deborah Sophia in Bengaluru; Editing
by Krishna Chandra Eluri
原文内容：
(Reuters) -Electronic Arts, the videogame publisher behind titles such as "FC"
and "Battlefield", is in advanced talks to go private at a valuation of
roughly $50 billion, according to sources familiar with the matter.
（路透社）— 据知情人士透露，电子游戏发行商 EA（代表作包括《FC》和《战地风云》
系列）正就以约 500 亿美元估值私有化进行深入谈判。
A group of investors including private equity firm Silver Lake, Saudi Arabia's
Public Investment Fund and Jared Kushner's Affinity Partners could unveil a
deal for the publisher as soon as next week, the sources said on Friday. If it
goes through, the deal would mark the largest ever leveraged buyout in
history.
消息人士周五表示，包括私募股权公司 银湖资本（Silver Lake）、**沙乌地公共投资基
金（PIF）**以及 库许纳（川普女婿）创办的 Affinity Partners 在内的一组投资者，
最快可能於下周宣布达成协议。若成行，此交易将成为史上最大规模的 杠杆收购（LBO）
。
The take-private offer comes at a crucial time for EA, which is banking
heavily on its core sports portfolio and action shooter intellectual property
to weather a sluggish videogame industry as gamers get picky with spending.
这项私有化提案正值 EA 关键时刻。该公司高度依赖其核心体育游戏产品组合与射击游戏
IP，以应对当前玩家消费日益挑剔、游戏产业低迷的局面。
EA's hopes rest heavy on "Battlefield 6", the latest installation in the
popular shooter game franchise that has been lauded by fans for its detailed
visuals and intense combat and which many analysts expect will sell millions
of copies, as well as on its soccer title "FC 26".
EA 的希望寄托於即将推出的《战地风云 6》——这款射击游戏系列因细致的画面与激烈
的战斗而深受玩家赞誉，许多分析师预期其销量将达数百万套。同时，EA 也寄望於足球
游戏《FC 26》。
The deal to take EA private would also mark further consolidation within the
industry, after titans such as Activision Blizzard and Zynga were swooped up
by even larger firms, further reducing the number of publicly listed videogame
companies.
EA 的私有化交易也将标志着游戏产业进一步整合。在此之前，动视暴雪（Activision
Blizzard）与 Zynga 等巨头已被更大型公司收购，使得上市游戏公司的数量进一步减少
。
"EA does make sense as an acquisition target - the cash flows are fairly
consistent and EA's annualized titles make for predictable revenue/
profitability," D.A. Davidson & Co analyst Wyatt Swanson said.
D.A. Davidson & Co 分析师 Wyatt Swanson 表示：「收购 EA 合情合理——该公司的现
金流相对稳定，年度化游戏作品能带来可预测的营收与盈利。」
Shares of EA closed around 15% higher on Friday.
EA 周五股价收盘上涨约 15%。
Large-cap M&A is also rebounding in 2025 as boardroom confidence,
consolidation logic and cheaper capital are finally lining up again.
2025 年大型并购交易正在回温，因为董事会信心恢复、产业整合逻辑再现，以及资金成
本下降，三者终於再次形成有利条件。
Goldman Sachs president John Waldron had said earlier in the week CEOs and
boards were "stepping out" after a two-year lull, with U.S. megadeals leading
the charge and expected Fed rate cuts easing the cost of capital, conditions
that make it easier to pursue scale, synergies, and strategic repositioning
through mergers rather than organic investment alone.
高盛总裁 John Waldron 本周稍早表示，在经历两年的低迷期後，CEO 与董事会正「重新
出击」，美国大型交易领衔推动，而预期中的联准会降息将降低资金成本，这些条件让企
业更容易透过并购来追求规模、协同效应与战略重整，而非仅依靠内生成长。
EA, Affinity Partners and PIF did not immediately respond to Reuters' requests
for comment. Silver Lake declined to comment.
EA、Affinity Partners 与 PIF 没有立即回应路透社的置评请求。银湖资本拒绝置评。
Affinity Partners, founded by U.S. President Donald Trump's son-in-law Kushner
, has investments from funds in Saudi Arabia, Qatar and the United Arab
Emirates.
Affinity Partners 由美国总统川普的女婿 杰瑞德·库许纳 创立，其资金来自沙乌地、
卡达及阿联酋的基金。
Silver Lake has long been known for major technology buyouts and is one of the
largest tech-focused private equity firms.
银湖资本长期以大型科技收购闻名，是全球最大的科技领域私募股权公司之一。
The Wall Street Journal had first reported on the deal talks earlier on Friday
.
《华尔街日报》於周五稍早率先报导了此项交易谈判。
SAUDI'S INCREASING BETS ON GAMING
沙乌地对游戏产业的加码投资
PIF is Saudi's sovereign wealth fund and has bought or made major investments
in videogame firms through its gaming arm, Savvy Games Group, in a bid to
increase its influence in the largest entertainment industry in the world.
PIF 是沙乌地的主权财富基金，透过旗下 Savvy Games Group 收购或投资大型游戏公司
，企图在全球最大的娱乐产业——游戏业——中提升影响力。
The investments are also a part of Saudi's "Vision 2030" strategy to diversify
the Kingdom's economy beyond oil.
这些投资也是沙乌地「2030 愿景」战略的一部分，旨在推动国家经济多元化，摆脱对石
油的依赖。
Analysts believe PIF's interest in EA stems from its highly recognizable
sports portfolio which includes the widely popular soccer franchise "FC",
which has a strong appeal worldwide and carries robust revenue potential.
分析师认为，PIF 对 EA 的兴趣主要来自其高辨识度的体育游戏产品组合，尤其是全球广
受欢迎的足球系列《FC》，该游戏具有强大的全球号召力与可观的营收潜力。
"For Saudi Arabia's PIF, the deal would cement games as cultural
infrastructure — assets as critical to global influence as sports or film,"
said Joost van Dreunen, games professor at NYU Stern School of Business.
纽约大学史登商学院游戏学教授 Joost van Dreunen 表示：「对沙乌地 PIF 而言，这笔
交易将使游戏成为文化基础建设——与体育或电影一样，是全球影响力的关键资产。」
Along with videogames, the Kingdom has invested heavily in esports and
competitive gaming, with its esports foundation having announced a new nation-
focused tournament next year, of which EA is a partner.
除了电子游戏外，沙乌地也大举投资电子竞技与竞技游戏。其电竞基金会已宣布将於明年
举办以国家为主题的新赛事，而 EA 亦是其合作夥伴。
心得/评论：
石油王课金和一般课长课金就是不一样
石油王课金是直接将游戏公司给买下来
https://i.urusai.cc/a5NGT.JPG
--
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1F：推 user048288ef: 垃圾EA 09/27 07:27
※ 编辑: TyuzuChou (150.117.197.145 台湾), 09/27/2025 07:30:43
2F：推 MaxMillian : 游戏产业低迷(X) EA自己烂(O)_ 09/27 07:35
3F：推 EvilJustice : 这公司竟然还在 09/27 07:40
4F：→ freeclouds : EA 模拟城市2000 09/27 07:46
5F：推 hensel : 这才是买游戏的游戏 09/27 07:48
6F：→ penick : mvp2005 QQ 09/27 07:51
7F：推 c22748872 : 会看到EA被私有化然後拆分的一天吗www 09/27 08:02
8F：→ aoka : 寄望足球游戏，不就是吃老本，烂EA 09/27 08:06
9F：推 F93935 : 垃圾 收购一堆工作室摆烂 09/27 08:13
10F：推 gfsog : 和ubi同款 09/27 08:18
11F：推 littleMad : 趁公司有价值赶快卖，不然就要变成ubi 第二了 09/27 08:46
12F：→ Skycrane : nba live 09/27 08:56
13F：推 qwe78971 : 想不到EA只值500e 09/27 09:10
14F：→ a9564208 : 反正也不会更烂了 09/27 10:15
15F：→ a9564208 : IP卖掉是喜闻乐见 09/27 10:16
16F：推 lsgsl : ea sport烂到现在2k爽割韭菜-.- 09/27 10:18
17F：→ abyssa1 : 杠杆收购通常都是灾难 09/27 11:50
18F：推 soapmactony : 靠BF6翻盘了 09/27 11:59
19F：→ bunjie : EA GAMES, RUINS EVERYTHING. 09/27 12:17
20F：→ NexusPrime : 赶快把新版Mass Effect做好看能不能再创传奇 09/27 21:13
21F：推 tanchuchan : 垃圾ea 又在骗钱了 09/28 13:08
22F：→ TyuzuChou : Electronic Arts, $EA, to near buyout deal at ab 09/29 20:04
23F：→ TyuzuChou : out $210 per share 09/29 20:04