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05-12-2008, 05:25 PM
|  | Gumby will pwn you. | | Join Date: Jan 2006 Location: Somewhere That Sucks
Posts: 275
| | | EA Gets $1 Billion Loan
 EA's plans to buyout Grand Theft Auto's manufacturer, Take-Two Interactive, are ending with loans from Morgan Stanley and Bank of Nova Scotia to finance the the take over of the Take-Two. Quote:
After confirming that it was prepared to go for a hostile takeover, in April EA extended the deadline of its offer to May 16, but also lowered the bid to $25.74 a share. Take-Two then reiterated that the deal was "the wrong price at the wrong time."
Today, four days before the latest deadline, Electronic Arts published an SEC filing revealing it has now secured a commitment for an extra $1 billion toward the buyout from a consortium of investors including Morgan Stanley and the Bank of Nova Scotia. Along with the $2.3 billion in ready cash that it reckons it can lay its hands on, the grand total comes to $3.3 billion.
The loan can be requested at any time up until January 9, 2009, and must be paid back before August 9, 2009.
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__________________  Tempz: EDIT: lol..some people have fun touching little boys, just because you don't think its fun doesn't mean it isn't fun to them. Dan: that was...very uncomfortable Tempz. You might want to edit further for Chris Hanson reasons. |
05-12-2008, 06:17 PM
|  | RawwwRRRoOoOo!!!1 | | Join Date: Jul 2006 Location: Connecticut
Posts: 575
| | No... 
__________________  XFX 680i LT ~ CORE 2 DUO (E6550) ~ XFX 8600GT XXX
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05-12-2008, 06:24 PM
|  | OMFG!!!! | | Join Date: Apr 2004 Location: some western town
Posts: 20,899
| | | where the hell is the Dr. Evil reference?
__________________  Admin - sR Source servers . |
05-12-2008, 06:25 PM
|  | sR Resident Gun Nut | | Join Date: Jun 2007 Location: College Station, TX
Posts: 3,277
| | | Screw you EA.
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05-12-2008, 06:27 PM
|  | Too Loud! Too Bright! | | Join Date: Dec 2005 Location: a place of settlement, activity, or residence
Posts: 6,523
| | | Take Two needs to contact Yahoo pronto for a crash course on fighting hostile take-overs.
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05-12-2008, 06:31 PM
| | OMFG!!!! | | Join Date: Apr 2004 Location: some western town
Posts: 20,899
| | Quote:
Originally Posted by CmdrTulkas  | I can give that course:
1. Hire a CEO that ignores reality.
2. Let him talk to the press.
TADA!!!!!!
__________________ Admin - sR Source servers . |
05-12-2008, 06:57 PM
| | sR Resident Gun Nut | | Join Date: Jun 2007 Location: College Station, TX
Posts: 3,277
| | Quote:
Originally Posted by CoffeeShark
1. Hire a CEO that ignores reality.
2. Let him talk to the press.
TADA!!!!!!
| *claps*
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05-12-2008, 07:57 PM
|  | FIGHT! | | Join Date: Jul 2007 Location: Boston, MA
Posts: 524
 : 64 th | | | in the next season of 24, watch as CTU agent jack bauer battle's a new breed of terrorism.
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05-12-2008, 08:25 PM
| | Gumby will pwn you. | | Join Date: Jan 2006 Location: Somewhere That Sucks
Posts: 275
| | Quote:
Originally Posted by jdeegz | EA...
__________________ Tempz: EDIT: lol..some people have fun touching little boys, just because you don't think its fun doesn't mean it isn't fun to them. Dan: that was...very uncomfortable Tempz. You might want to edit further for Chris Hanson reasons. |
05-12-2008, 09:28 PM
|  | Platanos con salami... | | Join Date: Jul 2007 Location: The Bronx
Posts: 1,690
| | | IT"S BIG! FTL....
F0ck EA... |  | |
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