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$1Billion Loan For EA To Buy Take-Two

Despite failing to buyout Take-Two before mega-blockbuster Grand Theft Auto 4 was released, EA is still determined to assimilate the company. EA took out a loan; a big one. 1 billion U.S. dollars. They will have until August 9th of next year to repay the loan back plus interest, assuming they buy out the company in it’s entirety. The banks that lent the money are also on standby to provide further funding for EA’s conquest of Take-Two Interactive.

Source – Gamesindustry.biz