PS3 News: EA Lands $1 Billion Loan For Take-Two Acquisition - PS3 News

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EA Lands $1 Billion Loan For Take-Two Acquisition

Analysts have been saying for months that this was inevitable, even though Take-Two has managed to fend off EA's advances for quite some time. It's now obvious that the publisher of the massively successful Grand Theft Auto IV wanted to wait to release the game before giving up the goods, and with this latest movement, the acquisition seems all the more possible.

EA's vice-president of communications Jeff Brown says there's "no news here" and that it's nothing more than a "process point on something we announced in February." (source- Kombo) But we must disagree with that first sentiment...this be news: EA has taken out a $1 billion loan from Morgan Stanley and lenders to help pay for the Take-Two acquisition, which may not be far off. Now, as Kotaku already said, EA has more than enough cash to take care of this purchase, but Brown says the loan lets them "maintain maximum flexibility for any opportunities." Take-Two hasn't commented on this loan, but we're pretty certain they're aware of EA's intentions. How much longer can they withstand the pressure from the world's biggest game publisher?

We're going to make this very simple for anybody who over-thinks the issue: EA wants GTA, and they're willing to dump a gigantic amount of money to make it happen. It doesn't get any simpler than that.

5/9/2008 Ben Dutka

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Comments (9 posts)

WaR_HaWk
Friday, May 09, 2008 @ 10:16:56 PM
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I hate EA

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MarvelZombies
Friday, May 09, 2008 @ 10:49:57 PM
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If EA aquires Take Two, than I believe indirectly GTA will have a new realese or expansion pack every tear i.e. EA Sports titles.thus making the GTA experience as a whole, lessen. Now does this mean it will nessessarily happen, no...but is it probable based on the history of nearly all Ea franchises, yes. Overall, I really hope this aquisition doesn't take place and I'm sure many others feel the same.

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Tatsujin
Saturday, May 10, 2008 @ 12:58:04 AM
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EA blows, They have no real backbone... The leech off smaller, better companies.

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flux equals rad
Saturday, May 10, 2008 @ 2:09:54 AM
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goodbye take-two. i liked you before the evil monolithic corporation pac-man'd you. at least we can say that we got gta4 on time and not when it became opportunistically profitable for EA in the umpteen quarter. i hope they don't drag down rockstar's quality.

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Ed_Wayne
Saturday, May 10, 2008 @ 7:12:41 AM
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It would be so sweet if right when EA took over T2 , Sony acquired Rockstar. (I know it's basically impossible) That would be amazing though. EA would be devastated and we would get an even better GTA experience. Exclusives, no matter what console, tend to be better. It takes about 1.5 times the work to make a game from the ground up on two different systems. They could put all that work into an exclusive. GTA5 would make us poop our pants. Yeah, I said poop.

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Tatsujin
Saturday, May 10, 2008 @ 10:26:46 PM

It's not IMPOSSIBLE for Sony to aquire Rockstar, but it would be possible only if T2 and Rockstar both agree. It would be very difficult, and as for EA aquiring T2... I just have this feeling that it won't happen... Not after GTA IV's success, I think T2 is going to give it another years fight before giving up.

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OtisFeelgood
Saturday, May 10, 2008 @ 11:15:28 AM
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Bleh

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LCF
Saturday, May 10, 2008 @ 1:44:03 PM
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I'm say it again! I blame EA for the down fall of the Sega Dreamcast.

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Tatsujin
Sunday, May 11, 2008 @ 10:57:12 AM
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Sega Dreamcast was never really going anywhere anyways... =/ But yea, we can blame it on EA for the hell of it :D

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