Ea proposes to buy Take-2

[KnackChap]

EA Takes Out $1 Billion Loan For Take-Two Acquisition

 

SEC filings have revealed that Electronic Arts borrowed $1 billion from Morgan Stanley and other lenders to help finance a possible acquisition 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."

 

With $2.3 billion on hand in cash, cash equivalents and short-term investments, EA already has the funds available to do the deal as it currently stands. With the deal not contingent on financing, why borrow more money?

 

"It helps us maintain maximum flexibility for any opportunities," said Brown.

 

Take-Two had no comment as of press time.

http://kotaku.com/389174/ea-takes-ou...wo-acquisition

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Ea going guns akimbo

[My weight is 102 kgs]

hope ea buys take 2 ..then probably we would get games like gta 4 sooner

[HundredProofSam]

hope ea buys take 2 ..then probably we would get games like gta 4 sooner

 

yes we will get them sooner, but they probably won't be worth playing.....and btw, if EA buys take-two, R* will go independent

 

 

 

peace

[Gautam]

^^ If R* go independent, will they be able to make more GTA games? Won't the GTA license be with EA?

[HundredProofSam]

^^ yes the GTA license will go to EA, but i wont be a GTA without R*....and maybe rockstar will make something better than GTA...LA Noire

 

 

 

peace

[Keyofx]

Team Bondi are doing LA Noire. Rockstar is just co-producing/lending their label.

[Fire Wolf]

hope ea buys take 2 ..then probably we would get games like gta 4 sooner

I'd rather play a game late than get it early and it be crap.

Or I'll just burn leaked versions and enjoy them to the hilt, muahah