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EA receives 1 billion USD loan commitment to buy Take2
>> From gamesindustry.biz:
[QUOTE]
In a form SC TO-T/A filed today with the SEC, Electronic Arts indicated that it has received a commitment for up to USD 1 billion in senior unsecured term loan financing towards its attempted acquisition of Take-Two.

EA indicated that it expected the cost of the merger to be approximately USD 2.1 billion, and that as of March 31 it had cash and equivalents in the amount of USD 2.3 billion.
[/QUOTE]

Full Story: gamesindustry.biz
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(Saturday 10 May 2008 00:36 EST) - (Category: GamingGeneral) - (Posted by:: )



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