Microsoft Corp. (NASDAQ:MSFT) has announced that Don Mattrick, a former president at Electronic Arts Inc. (NASDAQ:ERTS), will now lead the Interactive Entertainment Business (IEB) which oversees the Xbox® and Games for Windows® businesses. Peter Moore, corporate vice president of IEB, has decided to move his family back to the Bay Area for personal reasons and has secured another opportunity in the video games industry. Mattrick left EA in in February 2006 and has acted as an external advisor to Microsoft since February 2007; he takes over on July 30.
Microsoft shares are down 0.9% after-hours at $30.50, but that is after the Intel numbers. It looks like Moore will oversee the sports games at EA, after a transition period to September 1. EA didn’t recently have a $1+ Billion charge for product recalls. Did Microsoft have to throw in any draft picks for the trade?
Jon C. Ogg
July 17, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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