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EA Readies $1B for Potential Take-Two Acquisition
Filed under: EA, TAKE-TWO INTERACTIVE
No, Electronic Arts isn't buying Take-Two Interactive just yet. But just in case the folks at Take-Two give in, the persistent industry giant has already secured up to $1 billion in financing if the acquisition should take place by January 9, 2009.

Wedbush Morgan analyst Michael Pachter points out that EA is in need of a bit of cash after the Pandemic/BioWare acquisition (thanks, GamePolitics). Pachter says that the timing of this loan isn't "particularly unusual" and he expects EA to make a higher bid for Take-Two.

Yeah, it's always nice when you have an extra billion or two lying around. Can't be too careful.

Meanwhile, Take-Two is making the most out of Rockstar's recent smash hit, GTA IV.



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2 post(s)
Reader Comments
Zolneirz May 10 2008, 12:05 pm EDT
HOLD FAST, SERVANTS OF THE LIGHT. UPON THESE WALLS THE DARKNESS WILL BREAK AS IF A WAVE UPON THE BEACHES!
The CIA May 11 2008, 10:39 am EDT
No no, this is the actual news, 'EA readies $1B for potential new employee' and thats me....... (To screw their business ofcourse)
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