Posted May 09, 2008 at 09:08PM by Sally B. Listed in: News Tags: Electronic Arts, Take-Two Interactive, Rockstar North, Morgan Stanley
Ó

Take Two logo - Image 1Electronic Arts may be not desperate in acquiring Take-Two, but they're already preparing for the big acquisition if in case it goes through. In fact, EA just recently secured a US$ 1 billion loan for additional funding that will be used if ever the merger will push through on or before January 2009.

The current deal of US$ 25.74 per share still stands, but for Take-Two Interactive, that amount isn't enough considering the success of Rockstar North's Grand Theft Auto 4 (Xbox 360, PlayStation 3).

Apparently, EA managed to get their funding from several banks, which include the Morgan Stanley Bank, the Bank of Nova Scotia, KeyBank National Association, and others. The funds are meant "to provide a portion of the funds for the Offer and/or the Merger," according to EA.

Could this be another way of pressuring the Grand Theft Auto 4 publisher into accepting EA's deal? The clock's ticking, and it's slowly ticking down towards January 2009.

[Via Gamasutra] Permalink  |   Email this  |   Linking Blogs   |   Digg It!

Bookmark / Find this article on:


0 Comments


Sort by:
   by Advertising -

Reply {show_replies_result_22}



Featured Content
QJ.NET Blog Network RSS Feeds
MyQJ Feed / PDA
MyQJ RSS / PDA
Blog of Blogs Feed / PDA
QJ.NET RSS / PDA
Gaming Consoles Feed / PDA
Nintendo DS RSS / PDA
PlayStation 3 RSS / PDA
PSP Updates RSS / PDA
Wii RSS / PDA
Xbox 360 RSS / PDA
PC Gaming Feed / PDA
Age of Conan RSS / PDA
Games for Windows RSS / PDA
MMORPG RSS / PDA
Tabula Rasa RSS / PDA
World of Warcraft RSS / PDA
Science Feed / PDA
Science RSS / PDA
Technology Feed / PDA
Apple RSS / PDA
Gadgets RSS / PDA
iPhone RSS / PDA
Mobile RSS / PDA
Photography RSS / PDA
Tech RSS / PDA
Add QJ.NET
Add to My Yahoo!
Google Reader Subscribe with Bloglines
Add  to your Kinja digest Subscribe in NewsGator Online
Subscribe with Pluck RSS reader Add 'www.qj.net' to Newsburst from CNET News.com
Subscribe with SearchFox RSS del.icio.us www.qj.net
Add to Technorati Favorite! Add to My AOL
furl! it Stumble for Treehugger!