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EA Takes Out $1 Billion Loan To Acquire Take Two

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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
nscope04 - contributor
Published: 551 days 22 hours ago | News | PlayStation 3 | Xbox 360 | Wii | Sony PSP | Nintendo DS | PlayStation 2 | Industry News
 
 
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