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EA Takes Out Billion-Dollar Loan

Friday, May 9, 2008

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EA Takes Out Billion-Dollar Loan

Reuters is reporting that Electronic Arts has secured a billion dollars in loans from Morgan Stanley, among others, in order to finance its ongoing efforts to acquire Take-Two Interactive. EA’s bid, still standing firm at roughly $2 billion, has been on the table for three months now, and has seen increasingly bold tactics on both [...]

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