'Lucky' Activision stock purchase that led to $60M profit under investigation

Three men who have links to Activision Blizzard CEO Bobby Kotick are currently under investigation for alleged insider trading, according to The Wall Street Journal. Producer and film studio executive David Geffen, Fox co-founder Barry Diller, and investor Alexander von Furstenberg are said to have purchased around $108 million worth of Activision shares just four days before the Microsoft acquisition was announced back in January (thanks, GamesIndustry.biz). The purchase netted the trio a profit of around $60 million.
Read more: https://www.pcgamer.com/lucky-activision-stock-purchase-that-led-to-dollar60m-profit-under-investigation?source=Snapzu