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Take-Two Borrows $200 Million, Could be Planning Acquisition

After a quarter which lost the publisher over $47 million, Take-Two has announced that it’s issuing $200 million in convertible senior notes that will be repaid in 2016, and also “expects to grant the initial purchasers an option to purchase up to $30 million of additional notes to cover over-allotments.” But what will Take-Two do with $200 million?

Take-Two says that the “net…

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