Yahoo Finance's Julie Hyman breaks down the leading business headlines for Wednesday, March 9. Read More...
Reuters
U.S. probes options trade gained on Microsoft-Activision deal – WSJ
IAC Chairman Diller, his stepson von Furstenberg, and music mogul Geffen have an unrealized profit of about $60 million on the options trade, based on the recent Activision share price of around $80, according to the report, citing people familiar with the matter. The Justice Department is investigating whether any of the options trades violated insider-trading laws, the report said, adding that the Securities and Exchange Commission (SEC) is separately conducting a civil insider-trading investigation.
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