Take Two Increases Credit

Take Two has increased its line of credit from $66 million to $100 million dollars, additional funding that will allow Take Two to continue its rapid expansion. A deal will Bank of America creates a line of credit allowing Take Two to borrow from $75 million to $85 million. "Our agreement with Bank of America gives the domestic divisions of Take-Two a long-term financing arrangement that will allow our Company to continue to expand its business through internal growth and acquisition," said Larry Miller, Take Two's chief financial officer. In Europe, Barclays Bank has granted the company a credit line worth up to $25 million.