After six years as president of the world’s largest videogame maker Electronic Arts, John Riccitiello, credited with establishing his company’s global eminence, is resigning in order to help launch a private equity fund aimed at consumer media and entertainment investments.
Roger McNamee, co-founder of Integral Capital Partners and Silver Lake Partners, which recently closed a $3.6 billion fund, will join Riccitiello in making corporate buyout and startup investments.
According to news reports, the new fund is targeting the $1 billion (€829 million) range and is looking to close before the end of the year. Marc Bodnick, a
The news reports stated that the new fund would target market leaders in established categories, with the goal of acquiring divisions or subsidiaries, and would complete large transactions as well as partner with other private equity firms.
Riccitiello helped push Electronic Arts to the top of the videogame market by acquiring licenses for several notable movie franchises, including James Bond, and establishing a solid connection between
McNamee is known in