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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