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American businessmen Barry Diller, David Geffen, and Alexander von Furstenberg are reportedly under investigation for insider trading, having allegedly bought a large quantity of Activision Blizzard shares just ahead of the company being acquired by Microsoft.
According to a report from the Wall Street Journal, the three men bought options to purchase 4.12 million Activision shares on January 14, for around $108 million, four days before the Microsoft acquisition was announced.
Diller, Geffen and Von Furstenberg have links to Activision Blizzard CEO Bobby Kotick.
Barry Diller, who is Fox’s founder, served on Coca-Cola’s board of directors alongside Kotick