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EA takes out loan; Take-Two buy imminent?

Posted on May 10th, 2008 at 11:08 EDT

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.

Source

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What are your thoughts?
posted 11:09am EDT - May 10th, 2008
1

nooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!!!!!!

 

posted 11:13am EDT - May 10th, 2008
2

Why can't EA just stick to making crappy madden games?

posted 11:16am EDT - May 10th, 2008
3

Give up

posted 11:33am EDT - May 10th, 2008
4

they're not about to be outdone by activision, i guess lol

posted 11:52am EDT - May 10th, 2008
5

psn id: gingo... what a disappointment it would be if the next games from rockstar were "helped" along by EA, rockstar should should break away from take two now while they still have the chance

posted 12:44pm EDT - May 10th, 2008
6

GTAV will be a shame if it is done by EA...As said above, the devs should split from Take Two as soon as they can.

posted 1:26pm EDT - May 10th, 2008
7

Sony, its time to make a move.

posted 2:17pm EDT - May 10th, 2008
8

EA will own the world and all games will be crap!!!!

posted 2:19pm EDT - May 10th, 2008
9

Relax guys. Sony takes out loans al the time it's just that no one really bothers to notice unless it's like 3 times that much. EA is just fattening their pockets a bit so that their end of year report looks a little more impressive when they pay it all back from releaseing another years worth of retreaded EA sports games.

posted 2:33pm EDT - May 10th, 2008
10
god help us wish sony purchased rockstar the current GTA wud of been MILLION times better if it wernt on 360!
posted 2:34pm EDT - May 10th, 2008
11

they will kill GTA GERRZZZZZZ!!

posted 3:44pm EDT - May 10th, 2008
12

no  take two should buy take two not  vice versa can u believe it gta will be a property of  ea, man i love ea but take-two is better i love their games

posted 4:54pm EDT - May 10th, 2008
13

I blame Peter Moore. Also, they should give the rights to big games like GTA and Bioshock to someone that will not sell out, so just in case they are bought out, the franchises are safe!

posted 6:32pm EDT - May 10th, 2008
14

Rockstar will ditch Take2, hopefully 2k Games will as well if this buyout from EA goes through. This is a big risk to EA, hopefully they'll lose all the money. I'm not buying EA games, and I hope you aren't either.

posted 7:23pm EDT - May 10th, 2008
15

EA will never own R* or GTA as take 2 don't own R* or GTA they just publish there games LONG LIVE R* long live GTA sorry EA gta will never be yours HAHAHAHAHAHAHAHAHAHAH!!!!!!

 

posted 7:37pm EDT - May 10th, 2008
16

This just reeks desperate

posted 8:14pm EDT - May 10th, 2008
17
Take-Two just made a huge profit, they wont sell it.
posted 10:47pm EDT - May 10th, 2008
18

take two in the face ea

posted 11:03pm EDT - May 10th, 2008
19

i sick of EA and their crappy games they need to just stick to what they have now and let good game devs keep doing what they already have been doing.

posted 12:32am EDT - May 11th, 2008
20

I wish I could take out a loan that big

posted 12:50am EDT - May 11th, 2008
21

dont do it rockstar never give in, EA will make your games really crappy.if anything go with sony they will let u do what you want

posted 2:22am EDT - May 11th, 2008
22

Stick to your loyay fans RockStar!!!

posted 5:57am EDT - May 11th, 2008
23

I actually want EA to buy out take-two. Seriously, the last decent game I played from them was The Darkness. From EA just this year I have enjoyed The Orange Box, Command and Conquer 3 Kane's Wrath, Burnout Paradise, Army of Two. PLUs I get to look forward Battlefield Bad Company and Mirror's Edge and Dead Space. EA > 2k/take 2 for me. EA is in this to make money, and EA has finally learned that crap games -> pissed gamers -> no sales = no money. So I am optimistic about this whole merger deal. As long as Codemasters stays safe from acquisition (from anybody), all is well in my world.

posted 4:22pm EDT - May 11th, 2008
24

Its time for Sony to step in buy Take-Two and save the day.

posted 4:23pm EDT - May 11th, 2008
25

If EA buys Insomniac, (which is highly unlikely), then the video game apocalypse is at hand.

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