EA Moves Closer to Buying Take Two?
Posted on
May 11th, 2008
by
PS3Vault
Normally SEC filings are not the place to look for the latest gaming news. But thanks to some observant financial types, we have learned that Electronic Arts has taken out a $1 Billion loan from Morgan Stanley and other lenders, possibly to finance a take over of Take Two.
“There’s no news here,” said EA VP of communications Jeff Brown. “This is just a process point on something we announced in February.” EA already has $2.3 billion on hand, more than enough to carry out such a deal (Editor’s note: and throw some really sick launch parties). ”It helps us maintain maximum flexibility for any opportunities,” said Brown.
We’ll keep you up to date as we learn more.
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