Kotick sells $60m Acti shares

By Mike, Monday, 25 May 2009 09:43 GMT

kotick1b

BusinessInsider is reporting that Activision CEO Bobby Kotick, together with chairman of the board Brian Kelly, sold $60 million worth of Activision shares last week.

The article speculates that Kotick and Kelly could be cashing in due to Gamestop announcing Friday that “that same store sales were weak and its outlook cloudy for the second quarter.”

Gather ye rose buds while ye may, etc.

More through the link.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Bobby Kotick

Brian Kelly

  • Activision shareholder suing to stop Vivendi stock buyback

    Activision Blizzard shareholder Todd Miller has filed a legal complaint against the company and its current parent, Vivendi, to stop Activision and an investment group headed by CEO Bobby Kotick and Brian Kelly from buying back stock in the firm.

  • Activision notes Q2 decline in WoW subs, independence is a "win-win-win" says analyst

    Activision Blizzard became an independent company last night, after it bought back the majority of its shares held by former parent company Vivendi which now, only holds a 12% stake. This is, according to Robert W. Baird & Co analyst Colin Sebastian, a “win-win-win” for all parties involved – despite a decrease in WoW subs.