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John Riccitiello, president of Electronic Arts and the company’s number two executive, has announced his resignation, saying that he plans to join a private equity fund h...

David Jenkins, Blogger

April 8, 2004

1 Min Read

John Riccitiello, president of Electronic Arts and the company’s number two executive, has announced his resignation, saying that he plans to join a private equity fund headed by veteran investor Roger McNamee. CEO Larry Probst has said in a statement that he will temporarily assume Riccitiello's responsibilities but that Riccitiello will remain at the company for a transition period. Riccitiello, in an interview, said he believes the media and entertainment industries are ripe for investment and consolidation. He added that the new fund, which is in the midst of raising a large sum of money, could launch buyouts or do other deals. Source: SiliconValley.com

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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