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Feds Reportedly Investigating Barry Diller And David Geffen For Options Trades Ahead Of Microsoft-Activision Sale
Forbes ^ | march 08, 2022 | Mason Bissada

Posted on 03/14/2022 7:07:19 AM PDT by ptsal

The Department of Justice and Securities and Exchange Commission are investigating whether moguls Barry Diller, David Geffen and Alexander von Furstenberg violated insider trading laws by buying Activision Blizzard options shortly before the video game company announced an acquisition by Microsoft, the Wall Street Journal reported Tuesday—but Diller says they didn’t have prior knowledge of the impending deal.

[archived version] https://archive.ph/EfWpu#selection-3339.0-3347.80

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; US: New York
KEYWORDS: insider; jpmorganchase; microsoft; stock
The three men purchased call options to buy Activision Blizzard shares at $40 on January 14, four days before tech giant Microsoft agreed to buy the company at $95 per share, according to the Journal, which cited unnamed sources (shares of Activision Blizzard were worth $82.31 at close on the day the acquisition was announced).

• The trades by Diller, Geffen and von Furstenberg led to unrealized profits of around $60 million, the Journal reported.

• JPMorgan Chase, through which the men arranged the transactions, reported the trades to law enforcement, according to the Journal.

Anyone wonder about the name of the banker involved in the deal? What do his phone, email, and text messages reveal?

1 posted on 03/14/2022 7:07:19 AM PDT by ptsal
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To: ptsal; bitt

Making money the old fashioned way..../sarc


2 posted on 03/14/2022 7:07:56 AM PDT by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
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To: ptsal; Liz; generally

One way the liberal Left funds itself and its stream of cash to make the Democrat Party and other tax-shelter NGOs move forward. Disgusting.


3 posted on 03/14/2022 7:10:44 AM PDT by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
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To: ptsal

Just like Congress.


4 posted on 03/14/2022 7:10:51 AM PDT by qaz123
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To: ptsal

“Sooner or later you’ve made enough money.” barry obxxx. Guess these assclowns haven’t reached that point yet. Nor has obxxx apparently. He needs to pay for the new digs in Hawaii. Bet he never dreamed, while getting toked up with his pals from Punahoe, he’d be where he is today. For doing virtually nothing.


5 posted on 03/14/2022 7:11:22 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: ptsal
Some Sodomites have all the luck,
some Sodomites have all the fame,
some Sodomites get all the breaks…
6 posted on 03/14/2022 7:16:47 AM PDT by Jan_Sobieski (Sanctification)
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To: ptsal

Trying to enjoy the illegal sweetheart deals Congresscritters regard as their due.


7 posted on 03/14/2022 7:17:29 AM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: ptsal

Perhaps Congress are the best people to investigate this.?.? No one knows more about insider trading than our Representatives and Senators!


8 posted on 03/14/2022 7:20:41 AM PDT by Jan_Sobieski (Sanctification)
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To: ptsal

How dare they getting into that deal before congress.!!


9 posted on 03/14/2022 7:27:05 AM PDT by unread (Everything you ever thought was right, fair and just is completely wrong..... I think..(?))
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To: ptsal

Did they actually believe they were in the US Congress? Stay in your own lane!


10 posted on 03/14/2022 7:29:54 AM PDT by Herodes
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To: ptsal

Put Diller in Prison.


11 posted on 03/14/2022 7:31:52 AM PDT by tennmountainman ( Less Lindell CONS, More AZ Style Audits)
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To: ptsal

Insider knowledge is the air they breathe & exist on.


12 posted on 03/14/2022 7:32:49 AM PDT by ridesthemiles
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To: ptsal
Oliver Stone's Wall Street personified such people in the character of Gordon Gekko, whose famous "Green Is Good" speech depicted him as a villain.

Yet throughout the 1980s and 1990s, many conservatives (especially of the libertarian and Objectivist bent) praised Gekko, and embraced "Greed Is Good" as their motto. It appeared on conservative merchandise, on t-shirts and mugs and such.

This past decade has seen a struggle over the meaning of conservatism; between populists who want to preserve nations and their culture, vs. hardcore free marketers who want to transform all nations into multicultural/LGBT free enterprise zones.

13 posted on 03/14/2022 7:33:15 AM PDT by Angelino97
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