中经记者 许心怡 吴可仲 上海报道 以创意立足的游戏行业会迎来寡头时代吗？ 近年来，老牌游戏公司被收购的案例频频出现。最新一例是以沙特为首的财团出手，预计以550亿美元 的估值收购美国游戏公司艺电。 这将是继微软收购动视暴雪后，规模最大的一笔游戏行业收购案。而就在10月，获得腾讯注资的育碧子 公司成立，将负责"刺客信条"及其经典游戏系列的发展。 这些获得投资或被收购的老牌游戏公司都曾创造出长红数十年的经典游戏IP，但近年来面临创意枯竭、 增长乏力的窘境。在广大大数据研究院分析师胡小璐看来，这些经典IP被收购后，或许会向高回报的实 时服务型模式倾斜，加入内购及其他消费模式。 "史上最大全现金私有化交易" 近日，艺电宣布，其将被一个投资者财团100%收购。这笔交易对艺电的估值高达550亿美元，股东将获 得每股210美元的现金。 该交易已获艺电董事会批准，预计在2027财年第一季度（2026年6月30日前）完成。交易需满足惯常的 交割条件，包括获得必要的监管批准以及艺电股东的同意。交易完成后，艺电的普通股将不在任何公开 市场上市交易。该公司还表示，未来艺电总部仍将位于加利福尼亚州红木城，安德鲁·威尔逊也将继续 担任 ...

Core Viewpoint - S&P Global Ratings is considering downgrading Electronic Arts Inc. (EA) to "junk" status due to an expected addition of approximately $20 billion in debt from a recent acquisition deal [1][2] Group 1: Acquisition Details - EA has agreed to be sold to an investor group that includes Saudi Arabia's Public Investment Fund, Silver Lake Management, and Affinity Partners led by Jared Kushner, with an enterprise value of $55 billion [2] - The acquisition is set to be the largest leveraged buyout in its category, with $20 billion in debt financing committed by JPMorgan Chase [2] - EA's stock price rose by 4.5% recently, with a market capitalization around $50.5 billion, still below the privatization valuation [2] Group 2: Credit Ratings - EA currently holds a "BBB+" rating from S&P, which is three levels above junk status, while Moody's rates it "Baa1" and Fitch rates it "A-" [1][3] Group 3: Company Performance and Strategy - EA is in a recovery phase, leveraging a strong portfolio of game IPs, including sports titles and long-term service games, contributing to a stable recovery [4] - The company's performance is driven by a combination of sports games and long-term service models, with significant contributions from titles like EA SPORTS FC and Apex Legends [4] - The privatization is expected to alleviate pressures from quarterly earnings reports and investor demands, enhancing revenue predictability, particularly in the sports gaming sector [5] Group 4: Future Prospects - Analysts anticipate that the upcoming release of Battlefield 6 on October 10 will boost EA's performance, with pre-release interest already contributing to a 15% increase in stock price this year [5] - The privatization may increase operational leverage and lower ratings, but continued operational stability could mitigate some financial cost pressures [5]