作者
標題 [新聞] 美商藝電EA就500億鎂估值私有化進行談判
時間 Sat Sep 27 07:26:10 2025
標題 [新聞] 美商藝電EA就500億鎂估值私有化進行談判
時間 Sat Sep 27 07:26:10 2025
原文標題：
Videogame maker EA in advanced talks to go private at roughly $50 billion
valuation
原文連結：https://tinyurl.com/2tr8hrpk
Videogame maker EA in advanced talks to go private at roughly $50 billion valuation (Reuters) -Electronic Arts, the videogame publisher behind titles such as "FC" and "Battlefield", is in advanced talks to go private at a valuation of ...
記者署名：
Reporting by Juby Babu in Mexico City and Deborah Sophia in Bengaluru; Editing
by Krishna Chandra Eluri
原文內容：
(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）— 據知情人士透露，電子遊戲發行商 EA（代表作包括《FC》和《戰地風雲》
系列）正就以約 500 億美元估值私有化進行深入談判。
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.
消息人士週五表示，包括私募股權公司 銀湖資本（Silver Lake）、**沙烏地公共投資基
金（PIF）**以及 庫許納（川普女婿）創辦的 Affinity Partners 在內的一組投資者，
最快可能於下週宣布達成協議。若成行，此交易將成為史上最大規模的 槓桿收購（LBO）
。
金（PIF）**以及 庫許納（川普女婿）創辦的 Affinity Partners 在內的一組投資者，
最快可能於下週宣布達成協議。若成行，此交易將成為史上最大規模的 槓桿收購（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.
這項私有化提案正值 EA 關鍵時刻。該公司高度依賴其核心體育遊戲產品組合與射擊遊戲
IP，以應對當前玩家消費日益挑剔、遊戲產業低迷的局面。
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 的希望寄託於即將推出的《戰地風雲 6》——這款射擊遊戲系列因細緻的畫面與激烈
的戰鬥而深受玩家讚譽，許多分析師預期其銷量將達數百萬套。同時，EA 也寄望於足球
遊戲《FC 26》。
的戰鬥而深受玩家讚譽，許多分析師預期其銷量將達數百萬套。同時，EA 也寄望於足球
遊戲《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 的私有化交易也將標誌著遊戲產業進一步整合。在此之前，動視暴雪（Activision
Blizzard）與 Zynga 等巨頭已被更大型公司收購，使得上市遊戲公司的數量進一步減少
。
"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 分析師 Wyatt Swanson 表示：「收購 EA 合情合理——該公司的現
金流相對穩定，年度化遊戲作品能帶來可預測的營收與盈利。」
Shares of EA closed around 15% higher on Friday.
EA 週五股價收盤上漲約 15%。
Large-cap M&A is also rebounding in 2025 as boardroom confidence,
consolidation logic and cheaper capital are finally lining up again.
2025 年大型併購交易正在回溫，因為董事會信心恢復、產業整合邏輯再現，以及資金成
本下降，三者終於再次形成有利條件。
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.
高盛總裁 John Waldron 本週稍早表示，在經歷兩年的低迷期後，CEO 與董事會正「重新
出擊」，美國大型交易領銜推動，而預期中的聯準會降息將降低資金成本，這些條件讓企
業更容易透過併購來追求規模、協同效應與戰略重整，而非僅依靠內生成長。
出擊」，美國大型交易領銜推動，而預期中的聯準會降息將降低資金成本，這些條件讓企
業更容易透過併購來追求規模、協同效應與戰略重整，而非僅依靠內生成長。
EA, Affinity Partners and PIF did not immediately respond to Reuters' requests
for comment. Silver Lake declined to comment.
EA、Affinity Partners 與 PIF 沒有立即回應路透社的置評請求。銀湖資本拒絕置評。
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 由美國總統川普的女婿 傑瑞德· 庫許納 創立，其資金來自沙烏地、
卡達及阿聯酋的基金。
Silver Lake has long been known for major technology buyouts and is one of the
largest tech-focused private equity firms.
銀湖資本長期以大型科技收購聞名，是全球最大的科技領域私募股權公司之一。
The Wall Street Journal had first reported on the deal talks earlier on Friday
.
《華爾街日報》於週五稍早率先報導了此項交易談判。
SAUDI'S INCREASING BETS ON GAMING
沙烏地對遊戲產業的加碼投資
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 是沙烏地的主權財富基金，透過旗下 Savvy Games Group 收購或投資大型遊戲公司
，企圖在全球最大的娛樂產業——遊戲業——中提升影響力。
The investments are also a part of Saudi's "Vision 2030" strategy to diversify
the Kingdom's economy beyond oil.
這些投資也是沙烏地「2030 願景」戰略的一部分，旨在推動國家經濟多元化，擺脫對石
油的依賴。
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.
分析師認為，PIF 對 EA 的興趣主要來自其高辨識度的體育遊戲產品組合，尤其是全球廣
受歡迎的足球系列《FC》，該遊戲具有強大的全球號召力與可觀的營收潛力。
"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.
紐約大學史登商學院遊戲學教授 Joost van Dreunen 表示：「對沙烏地 PIF 而言，這筆
交易將使遊戲成為文化基礎建設——與體育或電影一樣，是全球影響力的關鍵資產。」
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.
除了電子遊戲外，沙烏地也大舉投資電子競技與競技遊戲。其電競基金會已宣布將於明年
舉辦以國家為主題的新賽事，而 EA 亦是其合作夥伴。
心得/評論：
石油王課金和一般課長課金就是不一樣
石油王課金是直接將遊戲公司給買下來
https://i.urusai.cc/a5NGT.JPG
![[圖]](https://i.urusai.cc/a5NGT.JPG)
--
※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 150.117.197.145 (臺灣)
※ 作者: TyuzuChou 2025-09-27 07:26:10
※ 文章代碼(AID): #1ero4Le_ (Stock)
※ 文章網址: https://www.ptt.cc/bbs/Stock/M.1758929173.A.A3F.html
推 : 垃圾EA1F 09/27 07:27
※ 編輯: TyuzuChou (150.117.197.145 臺灣), 09/27/2025 07:30:43推 : 遊戲產業低迷(X) EA自己爛(O)_2F 09/27 07:35
推 : 這公司竟然還在3F 09/27 07:40
→ : EA 模擬城市20004F 09/27 07:46
推 : 這才是買遊戲的遊戲5F 09/27 07:48
→ : mvp2005 QQ6F 09/27 07:51
推 : 會看到EA被私有化然後拆分的一天嗎www7F 09/27 08:02
→ : 寄望足球遊戲，不就是吃老本，爛EA8F 09/27 08:06
推 : 垃圾 收購一堆工作室擺爛9F 09/27 08:13
推 : 和ubi同款10F 09/27 08:18
推 : 趁公司有價值趕快賣，不然就要變成ubi 第二了11F 09/27 08:46
→ : nba live12F 09/27 08:56
推 : 想不到EA只值500e13F 09/27 09:10
→ : 反正也不會更爛了
IP賣掉是喜聞樂見14F 09/27 10:15
IP賣掉是喜聞樂見14F 09/27 10:15
推 : ea sport爛到現在2k爽割韭菜-.-16F 09/27 10:18
→ : 槓桿收購通常都是災難17F 09/27 11:50
推 : 靠BF6翻盤了18F 09/27 11:59
→ : EA GAMES, RUINS EVERYTHING.19F 09/27 12:17
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