Investigators have begun looking into a meeting between the CEO of Activision Blizzard and the step-son of a billionaire just days before the man, his father and another wealthy associate made millions off shares when it was bought out by Microsoft for $68.7 billion.
The U.S. Department of Justice is investigating into whether Activision CEO Bobby Kotick and Alexander von Furstenberg violated insider-trading laws when they met for breakfast in January ahead of Furstenberg's decision to buy shares of the company with his father, IAC Chairman Barry Diller and fellow media mogul David Geffen, the reported.
The three men bought shares at $40 each on January 14, days before Microsoft acquired Activision Blizzard for $95 a share, netting the three men $59 million in profit.
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