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Will Starbucks be George Lucas' 'Next Generation'?

August 26, 2013

Starwars creator George Lucas invested nearly $10 million in Starbucks Corp. last week, according to Variety. Lucas' GWL Living Trust bought 141,573 Starbucks shares at an average price of $70.60.

Lucas, who recently married Mellody Hobson, a member of the Starbucks board and the president of the money-management firm Ariel Investments, sold his company Lucasfilm Ltd. to Disney for about $4 billion of cash and stock earlier this year.

Although Lucas is the sole beneficiary of the Starbucks trust, Hobson, as a Starbucks director, must file her and her family's transactions in company shares.

"These shares are held in a trust for the benefit of the reporting person's spouse," Hobson wrote in the Form 4 filing with the U.S. Securities and Exchange Commission.

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