By Yi-Wyn Yen
Electronic Arts announced Monday that chief financial officer Warren Jenson is resigning as the video game publisher presses a hostile bid to buy rival Take-Two.
Jenson, who has been the CFO since June 2002, will leave the company in September. EA did not specify a reason for Jenson's departure and said it will name his replacement "shortly."
Analysts say the shakeup is not surprising. Chief executive John Riccitiello has made MOREyiwyn - Mar 24, 2008 11:57 AM ET
By Yi-Wyn Yen
Its $1.9 billion bid to buy rival Take-Two (TTWO) having been rejected by management, video game giant Electronic Arts took its case directly to the shareholders Thursday morning.
At stake is the future of Grand Theft Auto, a relentlessly violent action-adventure that has grown into one of the most valuable video game franchises in the business. Earlier this week, Take-Two raised its sales estimates for the current quarter to MOREyiwyn - Mar 13, 2008 12:39 PM ET
Uh-oh. Microsoft might be getting its ears Xboxed—again. Six days after Microsoft (MSFT) and the makers of its latest videogame blockbuster, Halo 3 split up, the software giant learned it might lose an exclusive deal with a developer that's about to release another potential Xbox 360 hit, Mass Effect.
Though EA's $860 million purchase of Pandemic Studios and BioWare, the makers of the science-fiction action thriller Mass Effect, won't affect Microsoft MOREyiwyn - Oct 12, 2007 7:39 PM ET
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