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Activision: Midway's Sibling In Financial Woes?

triverse
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triverse Enthusiast

triverse

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Activision CEO Robert "What, Me Worry?" Kotick, and Activision co-chairman of the board Brian Kelly, last week sold off around $60 million in Activision stocks.

Of that 60, Kelly sold $42 million worth, while Kotick "only" made $17 million from ditching some of his stocks. Stocks in the company he, and Kelly, run.

Doesn't sound good does it? Sounds like they may be "jumping" ship while keeping a foresaud of supporting their company while secretly unloading what they can while they can. No matter what is going on, it doesn't sound too good especially with the releases of two games later this year that are going to be expensive because of peripherals, Tony Hawk: Ride and DJ Hero.

Kotaku dropped the bomb on this one.

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