EA loan $1billion for possible Take-Two ascquisition

Kotaku report that EA have taken out a $1 billion loan from Morgan Stanley and other lenders to help finance the possible acquisition of Take-Two. This revelation does not however mean the purchase of the company is now more likely than before.

There’s no news here,” said EA VP of communications Jeff Brown. “This is just a process point on something we announced in February It helps us maintain maximum flexibility for any opportunities,” he revealed.

Apparently, EA already has over $2.3 billion on hand in cash, cash equivalents and short-term investments ready to do the deal.