Kotick sells $60m Acti shares

Monday, 25 May 2009 09:43 GMT By Mike


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.