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EA Takes Out $1 Billion Loan to Buy Take-Two

Hostile Takeover

Looks like things are moving along with the hostile takeover attempt by EA. They’ve gone ahead and secured a $1 billion loan from Morgan Stanley and others to help in the cost of buying out Take-Two.

I guess it’s inevitable at this point. What EA wants, EA gets. No more 2K Sports, more yearly sequels to games that don’t need them. I don’t see any way this is going to be good to gamers. Sure, it lines the pockets of the executives on both sides, but if it serves to hurt gamers in the long run, I don’t approve.

What do you think? Is Take-Two as we know it over?

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3 Comments

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  1. EHT
    Posted May 10, 2008 at 9:17 pm | Permalink
    1

    EA only make good sport games, the company doesn’t have a really solid idea for hardcore gamers. It is a hostile takeover and they”ll definitely make changes in Take-Two’s work style. So that”ll affect the way hardcore games are delivered by Take-Two. Its evident that MoH and C&C by EA are ok games for gamers, but it doesn’t bring full satisfactory. Basically no one sees EA as the right company to hold rights to Take-Two, so I don’t approve. Doesn’t mean they”ll make it hell for Take-Two though.

  2. CJ
    Posted May 11, 2008 at 2:28 am | Permalink
    2

    Please don’t let this happen. I actually respected Take-Two alot, prolly second only to ofcourse Blizzard.

  3. Posted May 11, 2008 at 1:35 pm | Permalink
    3

    well that is super gay…no more 2ksports? NBA 2K_ series is awesome..damn EA..

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