Todd Hollenshead, CEO of id Software, in his .plan file rebuked a report that id Software was buying 150,000 shares of Activision common stock.
Activision was also reported to be issuing a further 11,000 shares to NBG USA, supposedly according to documents filed with the SEC. The 161,000 total shares would carry a maximum offering price of US$1.56 million or $9.66 a share.
According to Hollenshead, id Software does in fact have warrants to buy Activision stock that could be exercised in the future, but apparently this has not happened yet.
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