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EA Borrows A Billion

sjohnson
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Posted May 9, 2008 - By Stephen Johnson

Electronic Arts has borrowed a billion dollars from banks and financial organizations in anticipation of buying Take Two Interactive.

Chairman Strauss Zelnick most recently told the New York Times that “the critical and consumer response to Grand Theft Auto IV vindicates our strategy of waiting until the launch with regard to E.A.’s offer."

So stay tuned, it looks more and more like this merger will happen. EA better be able to pay me back when the time comes, or I'm going to have to start breaking kneecaps.

Gamasutra: EA Secures $1 Billion Loan For Potential Take-Two Buyout

Tags: Videogames
EA Borrows A Billion
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