• Posted May 10th, 2008 at 11:08 EDT by
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With a recent SEC filing came the knowledge that EA has taken out a substantial loan in the amount of $1 billion dollars (cue Dr. Evil whenever ready). The loan was acquired from Morgan Stanley and lenders in order to make the buyout of Take-Two that much more possible. Of course, this is all speculation as everyone knows EA has deep enough pockets to have bought the company out without a loan. EA's VP of Communications, Jeff Brown, gave a couple of comments in regards to the loan and the reasoning behind it:

"There's no news here. This is just a process point on something we announced in February. It helps us maintain maximum flexibility for any opportunities."

Apparently this is news to gamers regardless of what Jeff Brown truly thinks about the situation as most of us have been hesitant and reluctant to give into the idea of EA buying Take-Two Interactive. We're sure an extra billion would give them more than enough flexibility to flex their muscle in order to gain majority control of the company. As more comes out about this drama, we'll keep you guys up to date.

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