Blizzard executives sold their shares to buy 60 million U.S. dollars
Beijing May 25, according to foreign wow gold media reports, the United States well-known game developer Activision Blizzard has submitted to the U.S. Securities and Exchange Commission (SEC) the management of documents, said last week during the period, the company's CEO Robert Cotic ( Robert Kotick) and Co-Chairman Brian Kelly (Brian Kelly) They sold some of their holdings in company stock worth nearly 60 million U.S. dollars.
It is reported that Cotic last week sold a total of 150 million shares of Activision Blizzard shares, wow gold kaufen worth 17 million U.S. dollars. Kelly has sold 360 million shares, valued at 42 million U.S. dollars. During March of this year, Cotic have to sell their holdings of stock.
Last year in July, the U.S. game software developer Activision with the French media giant Vivendi's Blizzard (Blizzard) entertainment companies merged and the formation of a new company Activision Blizzard.
Analysts said Cotic and Kelly last week to sell the two stocks, no more than two reasons: First, the two executives need cash, selling shares of their behavior toward the U.S. video game industry itself has nothing to do; 2 it is possible to Section Natick and Kelly believe that the U.S. video game industry market outlook is not optimistic.
U.S. market research firm NPD recently published a statistical report, in April of this year, the U.S. video game industry sales of 10.3 billion dollars, 1.24 billion U.S. dollars last year dropped by nearly 17% higher than in March of this year, down 1.43 billion U.S. dollars 30%. Industry believe that the statistical data showed that U.S. video game industry still can not escape the impact of the economic downturn.
Activision Blizzard shares last Friday's closing price of 11.14 U.S. dollars. Over the past 52 weeks, Activision Blizzard a maximum price of 19.28 U.S. dollars, a minimum of 8.14 U.S. dollars.