The Feds are investigating whether moguls Barry Diller, David Geffen and Alexander von Furstenberg violated insider trading laws by buying Activision Blizzard options shortly before the video game company announced an acquisition by Microsoft
The Department of Justice and Securities and Exchange Commission are investigating whether moguls Barry Diller, David Geffen and Alexander von Furstenberg violated insider trading laws by buying Activision Blizzard options shortly before the video game company announced an acquisition by Microsoft, theNEW YORK - MARCH 15: Inductee David Geffen attends the 25th Anniversary Rock & Roll Hall of FameGetty ImagesThe three men purchased call options to buy Activision Blizzard shares at $40 on...
“None of us had any knowledge from any person or any source or any anything about a potential acquisition of Activision by Microsoft,” Diller told“We acted simply on the belief that Activision was undervalued and therefore had the potential for going private or being acquired. And, if we had any such information we would never have traded on it—it strains credulity to believe we would have done so three days before Microsoft and Activision made their announcement.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Feds Probing Billy Diller & David Geffen Over Trades Ahead Of Microsoft-Activision Blizzard MergerThe U.S. government wants a word with Barry Diller, David Geffen and a third man involving the planned $68.7 billion merger of Microsoft and Activision Blizzard. Federal securities regulators and p…
Leer más »
Feds Probing Billy Diller & David Geffen Over Trades Ahead Of Microsoft-Activision Blizzard MergerThe U.S. government wants a word with Barry Diller, David Geffen and a third man involving the planned $68.7 billion merger of Microsoft and Activision Blizzard. Federal securities regulators and p…
Leer más »
Trading Giant DRW to Offer Bilateral Crypto OptionsTrading Firm DRW will launch bilateral cryptocurrency options contracts
Leer más »
Seahawks Tweet Joke on Wilson Trade, Fans ReactThe Seahawks decided to have some fun on Twitter, but it didn’t go over too well
Leer más »
Learn how to use Microsoft Office — limited-time saleGetting equipped with the best content\u002Dproduction platforms is key to expansion
Leer más »
Russell Wilson trade, Aaron Rodgers deal leave Eagles with fewer options on the QB trade marketThe Broncos are sending the Seattle Seahawks two first-round picks, two second-round picks, a fifth-round pick, two starter-quality players, and backup quarterback Drew Lock.
Leer más »