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George Lucas buys USD 10mln worth of Starbucks shares

Melbourne, August 24 : George Lucas has bought 10 million dollars worth of shares in the famous coffee chain Starbucks.


Lucas, who is married to Mellody Hobson, one of the directors of the coffee chain, purchased 141,573 shares for 70.60 US dollars in August, News.com.au reported.

The Star Wars creator's investment would mean that his wife, who has sat on the Starbucks board since 2005, would have to sign a Form 4 with America's Securities and Exchange Commission to protect herself from allegations of insider trading.

The 69-year-old film producer has plenty of money for spare to invest after selling his LucasFilm Company and the rights to his Star Wars movie franchise to Disney for 4 billion dollars in 2012.

--ANI (Posted on 24-08-2013)

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