It received requests for information from the U.S. Securities and Exchange Commission and a subpoena from a Justice Department grand jury, the producers of “Call of Duty” said in an amended proxy filing.
The request “appears to be related to their respective investigations into trading by third parties – in securities prior to the announcement of the proposed transaction – involving persons known to the CEO of Activision Blizzard.”
Microsoft in January agreed to acquire Activision in the largest video-gaming industry deal in history for $95 per share, or $68.7 billion in total.
The company did not name the parties nor whether the grand jury summons was directed to an employee.
The filing was not disclosed upon receipt of a summons or SEC request for information.
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The Wall Street Journal reported last month that media moguls Barry Diller and David Geffen and investor Alexander von Furstenberg along with Activision CEO Bobby Kotick had acquired share options after von Furstenberg met with Activision CEO Bobby Kotick and some of them from disclosing the sale to Microsoft. day before.
“Activation Blizzard has informed these officers that it intends to fully cooperate with these investigations,” the company said.
Diller told Reuters last month that neither of the three had any information about a potential acquisition and had acted on the belief that Activision was undervalued and had the potential to go private or be acquired.
The amended proxy filing, which included information on its collaboration with the SEC and the DOJ, sued the company after shareholders alleged it missed the initial proxy on sale.
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