Games

Activision Blizzard: Deal with Microsoft is examined for insider trading

The Wall Street Journal today reports on a case of insider trading related to the acquisition of Activision Blizzard by Microsoft.

According to the report, the three investors Barry Diller, Alexander von Furstenberg and David are found, because they should have invested around $ 108 million in Activision Blizzard two days prior to the announcement of an acquisition.

Activision Shareholders INVESTIGATED for Insider Trading (Microsoft Acquisition)

By announcing the stock value clearly increased and the value of your investment rose to $ 168 million. Should the takeover be completed, even 200 million dollars could become.

The transaction is to be privately owned by JPMorgan Chase & Co, which reported all this after notification of the takeover of law enforcement agencies. Thereafter, investigations were initiated by the Ministry of Justice and the Exchange Supervisory Authority.

Bobby Kotick, CEO of Activision Blizzard, is apparently a longtime friend of Geffen and Diller. With Diller, Kotick even sat together in the board of Coca-Cola.

So far, insider trading has not been detected. Diller himself said to the allegations that none of the three insider information had possessed and it was dealing with pure coincidence and pure luck.