Electronic Arts has secured a loan commitment of up to $1 billion to aid in their efforts to acquire Take-Two, according to a recent SEC filing made by the company.
The funds, which come from a number of banks (Morgan Stanley, BNP Paribas, KeyBank), will be at EA’s disposal in the form of a senior unsecured loan and can be used at any period until January 9, 2009.
EA already has the amount needed to cover the loan, claiming that they’ve had $2.1 billion (their estimated value of acquisition) on hand since late March.
EA Takes Out $1 Billion Loan For Take-Two Acquisition - [Kotaku]
Tags: acquisition, ds, ea, gta, money, nitntendo, ps3, take-two, wii, xbox 360
