Authorities investigating timely trading in Activision Blizzard Inc. securities are looking into at least one meeting between the videogame firm’s chief...
Authorities investigating timely trading in Activision Blizzard Inc. securities are looking into at least one meeting between the videogame firm’s chief executive and one of three traders days before they placed a large bet on Activision shares, according to people familiar with the matter.
Activision ATVI CEO Bobby Kotick met with Alexander von Furstenberg in the week before von Furstenberg and media moguls Barry Diller and David Geffen bought options to purchase Activision shares at $40 each on Jan. 14. The options trade, which has generated an unrealized profit of about $59 million, was arranged days before Activision agreed to be acquired for $95 a share by Microsoft Corp. MSFT , The Wall Street Journal has reported.
Diller previously told the Journal in an interview that none of the men had material nonpublic information about the Microsoft-Activision deal. He confirmed they had been contacted by regulators.
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