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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."

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kombo.com

Alternative Sources:

EA Secures $1 Billion Loan ... - gamasutra.com | By: godoftime

EA receives $1 billion loan... - gamesindustry.biz | By: Catastrophe

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