Electronic Arts misses quarterly bookings estimates ahead of Saudi-backed buyout

Aug 3 : Videogame publisher Electronic Arts missed expectations for first-quarter bookings on Monday, hit by a post-launch decline in engagement for its "Battlefield" franchise ahead of its Saudi-backed acquisition.Here are more details:• Despite having a strong launch last year, "Battlefield 6" has struggled to maintain player engagement, raising concerns about its long-term live-service revenue potential.• The Redwood City, California-based company relies heavily on in-game spending to extend the life cycles of its titles and derive consistent revenue. • Electronic Arts is likely to feel the heat from Take-Two Interactive's upcoming blockbuster release of "Grand Theft Auto VI", which is expected to command player attention and funnel discretionary spending away from rivals.• The gaming c