EA Takes Out $1 Billion Loan To Acquire Take Two

Electronic Arts has taken out a $1 billion load from Morgan Stanley and lenders to help pay for its acquisition of Take Two, should it ever happen. The figure was revealed in recently released SEC filings.

According to EA VP of communications Jeff Brown, "There's no news here. This is just a process point on something we announced in February." (Industry, Nintendo DS, PS2, PS3, PSP, Wii, Xbox 360)

Read full story >> Comments (28)

kombo.com +

Alternative Sources

EA receives $1 billion loan commitment - gamesindustry.biz | By: Cat
EA Secures $1 Billion Loan For Potential Take-Two Buyout - gamasutra.com | By: godoftime

New stories

40°

Dev: Chinese, Koreans, Japanese Better At Making Next 10 Years Of Games

19m ago - Cinemablend "Gabriel Leydon, CEO of Addmired, mentioned during a speech at the D.I.C.E. Summit in... | PC

40°

New Video of Binary Domain

19m ago - 4Gamer.net: Serious action and human drama. TPS "Binary Domain" will be released on February 16th... | Xbox 360

20°

Top 5 GBA Ambassador Games

20m ago - Those that bought a 3DS before the massive price cut were treated to ten GBA ambassador games as... | Retro

20°

WGTC: Kid Icarus: Uprising Hands On Preview

29m ago - We Got This Covered goes hands on with Kid Icarus: Uprising at Nintendo's Cold Hard Games 3DS pre... | 3DS

Predict the Oscars and Win Cash!!

Now - Join our annual game as we countdown to the Oscars. Do well enough and you can even find yourself walking away with cold hard cash! | Promoted post

10°

CVG: Reality Fighters Review

29m ago - CVG: After six years of Wii, where dreams of real innovation were quickly abandoned in favour of... | PS Vita

6.5/10 computerandvi...