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"SEC Ends Probe Of Trades Before Activision-Microsoft Merger With No Action; The SEC And Justice Department Looked Into Options Purchases Of The Videogame Maker By Barry Diller, Alexander Von Furstenberg And David Geffen In 2022" - WSJ

Author: Benzinga Newsdesk | May 02, 2024 11:41am

https://www.wsj.com/finance/regulation/sec-ends-probe-of-trades-before-activision-microsoft-merger-with-no-action-b13cce7c?mod=finance_lead_story

 

Securities regulators have ended an investigation into large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard days before the videogame company agreed to be acquired by Microsoft in 2022.

The Securities and Exchange Commission this week sent letters to Diller, von Furstenberg and Geffen saying it doesn't plan to accuse them of insider trading tied to their purchase of Activision options.

Posted In: MSFT


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