160°

EA Takes Out $1 Billion Loan To Acquire Take Two

28
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."
Read Full Story >>   Comments (28)
kombo.com
Alternative Sources:
EA Secures $1 Billion Loan ... - gamasutra.com | By: godoftime
EA receives $1 billion loan... - gamesindustry.biz | By: Catastrophe
nscope04 - contributor
Published: 600 days 8 hours ago | News | PlayStation 3 | Xbox 360 | Wii | Sony PSP | Nintendo DS | PlayStation 2 | Industry News
 
 
Incoming News
 
5°

PlayStation 3
Rumor: GTAIV DLC Coming To PS3, Including One N...
PlayStation 3 | Rumors
"As most of you know, the likes of The Lost and Damned and The Ballad of Gay Tony have only been made available for the Xbox 360 while the PS3...
Read More | Comments(0)
0°

Multi
Shenmue's Nozomi Planned for ASR, But Won't Mak...
Multi | News
Tristan Oliver writes: Shenmue fans were very pleased, to say the least, when Ryo Hazuki made the roster cut for Sonic & Sega All-Stars Racing.
Read More | Comments(0)
0°

Multi
Arc System Works Wants To Make Xbox 360/PS3 Gui...
Multi | News
Siliconera: When Sammy merged with Sega, the rights to Guilty Gear transferred to the house of Sonic. Arc System Works moved on, went back to the d...
Read More | Comments(0)
5°

Gaming
Boston Mom Calls 911 Over Son's Video Game Habit
Gaming | News
BOSTON (AP) -- Police say a frustrated Boston woman called 911 to say she couldn't get her 14-year-old son to stop playing video games and go to sl...
Read More | Comments(1)
About N4G
N4G is a social game news site that covers the game industry 24 hours a day, 7 days a week.
More Info... | Submit News