Activision Blizzard agrees to cooperate in insider trading case

16.04.2022

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Activision Blizzard agrees to cooperate in insider trading case

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Activision Blizzard ATVI $78.81 -0,37% Buy MICROSOFT MSFT$279.96 -2,65% Buy Take-Two TTWO$137.99 -1,07% Buy

Activision Blizzard has begun working with US federal authorities to investigate alleged insider trading in the company's stock. it is reported by REUTERS.

Thus, the developer received requests for information from the US Securities and Exchange Commission (SEC) and a subpoena from the Department of Justice.

Earlier, media moguls Barry Diller and David Geffen, as well as investor Alexander von Furstenberg, bought stock options. This was preceded by a meeting between von Furstenberg and Activision Blizzard CEO Bobby Kotick, which took place a few days before the announcement of the deal with Microsoft. Option holders claim they knew nothing about her.

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Activision Blizzard agrees to cooperate in insider trading case

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