Electronic Arts CEO John Riccitiello purchased almost $1 million in EA stock after the publisher extended its tender offer for rival Take-Two.
Riccitiello bought $967,000 in stock, or 20,000 shares, at a per-share average of $48.37, the day after EA extended its offer for Take-Two.
"John believes that senior executives should be invested in the company," an EA spokesman told Barrons.
It is the second time Riccitiello has purchased company stock since being named EA boss in April 2007. According to filings, he now owns 47,294 shares and approximately 75,000 exercisable options.
