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Topic - John Riccitiello
Video game publisher Electronic Arts Inc. said Monday that its CEO, John Riccitiello, will step down on March 30.
Video game maker Electronic Arts Inc. said Thursday that its second-quarter loss expanded from a year ago due to higher costs, even as revenue grew.
Electronic Arts Inc. said Tuesday that it will buy PopCap Games for at least $750 million in a bid to snag a larger piece of the rapidly growing market for games on cell phones and social networks.
Video game publisher Electronic Arts Inc. reported stronger results than it had forecast, boosted by solid sales of games such as "2010 FIFA World Cup South Africa," "Scrabble" for Apple Inc.'s iPad and digital add-on content for older titles.
"My decision to leave EA is really all about my accountability for the shortcomings in our financial results this year," Riccitiello wrote in a message to EA employees. "It currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued to the Street, and we have fallen short of the internal operating plan we set one year ago. And for that, I am 100 percent accountable."
CEO John Riccitiello said sales of "Battlefield 3," which launched two days earlier, were "very strong."