After the purchase of Activision Blizzard by Microsoft , controversies related to your , Bobby Kotick , are no longer reported. That changed today after a report of The Wall Street Journal revealed that several friends of this executive performed several illegal investments in Activision Blizzard, and as a result, the authorities are already investigating them.
It happens that Barry Diller, David Geffen, and Alexander Von Furstenberg , who are entrepreneurs friends of Kotick , used privileged information to achieve benefits in the stock market, which is considered an illegal activity. Specifically, these three executives conducted an investment of $ 108 million dollars in shares of Activision Blizzard four days before the purchase of Microsoft became official.
Diller It was already pronounced about it by saying that this was “simply a lucky bet”, and that none of them “acted without information from any kind by anyone.” Apparently, these entrepreneurs had already bought actions of Activision Blizzard previously, and have always considered that sooner or later, this company was going to be acquired by someone else.
At the moment it has not been defined if any of them is guilty of these accusations, but it is easy to admit that it is a huge coincidence. We will have to wait to see how the case is evolving, but things do not fit well for kotick and company.
Editor’s note: Taking into consideration Kotick’s past, it is not difficult to think that the CEO of Activision Blizzard wanted to be well with the friends of him by giving them privileged information about the purchase of the company. Surely Microsoft will not be very happy with this, and it is only another reason to fire Kotick when the right time comes.