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Image: Microsoft
An investigation for insider trading by federal prosecutors and securities regulators is underway after three investors were reported on. Barry Diller, Alexander von Furstenberg, and David Geffen invested roughly $108 million in Activision Blizzard. The investment was made in January, prior to the announcement that Microsoft would acquire the company in an all-cash transaction valued at $68.7 billion. That deal is already under an antitrust review by the FTC, but now the Justice Department and SEC are involved.
The privately arranged transactions were processed by JPMorgan Chase &...
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