EA Secures $1 Billion Loan For Potential Take-Two Buyout
Though it currently has funds on-hand to close the deal, Electronic Arts has announced that it has secured up to $1 billion in additional funding from a number of banks for a potential buyout of Take-Two, should the acquisition happen by January of 2009.
The funding comes from Morgan Stanley Senior Funding, Inc., Morgan Stanley Bank, BNP Paribas, BNP Paribas Securities Corp., The Bank of Nova Scotia and KeyBank National Association.
Wow, EA is serious about buying Take-Two. Wouldn’t you, with the success of there most recent release?