Posted on March 25, 2008 at 3:05 PM
Filed under: Acquisitions | Movers & Shakers
Tagged: CEO , CFO , EA , Electronic Arts , Grand Theft Auto , Grand Theft Auto IV , hostile bid , John Riccitiello , Take-Two , Take-Two Interactive Software , Warren Jenson

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Electronic Arts Inc.'s chief financial officer Warren Jenson, presumably a chief architect of EA's hostile bid for Take-Two Interactive Software Inc., is leaving the firm. Jenson cited a need to write the next chapter in his career. He has served as EA's CFO since 2002 and will stay with the company to assist with its fiscal-year-end close and financial reporting process. He also agreed to help transition his yet-to-be-named successor into the role. EA chief executive John Riccitiello thanked Jenson for contributing to the video game publisher's growth and strategic initiatives.

EA took its $26 per share, $1.9 billion offer for Take-Two hostile earlier in March. Take-Two feels the offer is low and doesn't want to talk about a deal until after April 29, when its "Grand Theft Auto IV" game comes out. EA's offer will expire on April 11, unless it's extended. - Baz Hiralal

Go to the story from the AP
See the Dealwatch item on Take-Two


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