Entertainment News



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.

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