Entertainment News

 

GEORGE LUCAS BUYS SHARES IN STARBUCKS

Friday, August 23, 2013 - Movie mogul George Lucas has bought up $10 million (=C2£6.6 million) worth of shares in coffee chain Starbucks, the company where his wife Mellody HObson is a director.

The Star Wars creator's Gwl Living trust purchased 141,573 shares in the beverage giant for $70.60 (=C2£47) earlier this month (Aug13).

The investment will mean his partner Hobson, who has sat on the Starbucks

board since 2005, will have to sign a Form 4 with America's Securities and

Exchange Commission to protect herself from allegations of insider trading..

Lucas has plenty of money spare to invest after selling his LucasFilm company and the rights to his Star Wars movie franchise to Disney for $4 billion last year .

The director wed Hobson in June . They welcomed a child, Everest Hobson Lucas, via surrogate earlier this month (Aug13).

Article Copyright World Entertainment News Network All Rights Reserved.

return to Entertainment News

SWEEPSTAKES

Night at the Museum: Secret of the Tomb
Ends December 21, 2014
Penguins of Madagascar
Ends December 25, 2014

Top 10

Up

Up from last week

Down

Down from last week

No change

No change from last week

MovieTickets.com is a worldwide leader in advance movie ticketing and a top destination for news, celebrity interviews, movie reviews and trailers. You can also access theater information, check movie showtimes, view video clips, and much more.