Electronic Arts is the single largest third party game publisher (at least until the merger of Activision and Vivendi Games goes through later in June) so it's safe to say it has a lot of money. However it looks like EA's planned hostile takeover of Take-Two Interactive may cause them to reach out and get even more money from outside sources.In a new filing today with the US Securities and Exchange Commission, EA stated that while it has enough money to cover the proposed $2.1 billion takeover of Take-Two, it has now secured an additional $1 billion loan from several banks (including Morgan Stanley Bank) that it could use for the offer if the deal is closed by January 2009. That may indicate EA could raise its current offer to make it more attractive to Take-Two's board of directors and/or shareholders. EA's current offer, which Take-Two has already dismissed as too cheap, is set to expire one week from today, May 16.
[Via Gamasutra]
