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

post #1 of 23
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Quote:
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.
Source:http://kotaku.com/389174/ea-takes-ou...wo-acquisition

Not sure this is going to be a good thing or not
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post #2 of 23
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post #3 of 23
ooops
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post #4 of 23
We all knew it was going to happen.

Luckily they will most probably keep it as a separate department. Which means Take Two won't actually be involved with EA, just run by them
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post #5 of 23
EA has acquired less than 12% of take-two.
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post #6 of 23
**** I hate EA.
    
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post #7 of 23
Uhhhh no...if i was Take-Two..stick them the finger or run lol
post #8 of 23
If they mess with the GTA series in any negative way. I will go back to China, and send about 1 billion Chinese Hitman after EA. One by one, they shall be hunted down.
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post #9 of 23
Screw hitman. I'll jihad their HQ. FOR THE GLORY!!!!!!!!!!!!!!!
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post #10 of 23
Quote:
Originally Posted by IcedEarth View Post
We all knew it was going to happen.

Luckily they will most probably keep it as a separate department. Which means Take Two won't actually be involved with EA, just run by them
That's still pretty bad given EA's track record.
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