Ever the mega corporate optimist, EA has made a financial deal with various funding groups to help pony up the cash, an arrangement that expires January 9th, '09.
This is to further commit the publishing giant to their offer of TakeTwo which so far as met with disappointing results for EA.
Nothing says 'I'm serious here' more than a billion dollars, the current worth of the EA's offer with TakeTwo is said to be worth $2.1 billion. This stock deal is set to expire May 16th and it’s certainly no secret that to TakeTwo's delight, Grand Theft Auto IV has opened to record sales numbers.
The corporate drama continues, stay tuned...
EA conjure up $1 billion loan from debt financing, to support T2 bid
12 May 2008 | By Jamie Davey