03:54 PM EDT, 05/02/2024 (MT Newswires) -- (Updates to reflect SEC's response.)

The US Securities and Exchange Commission has ended an investigation into trades by Barry Diller, Alexander von Furstenberg and David Geffen to buy Activision Blizzard options prior to the company announcing its acquisition by Microsoft ( MSFT ) , The Wall Street Journal reported Thursday.

The regulator does not plan to accuse them of insider trading, the report said.

An SEC spokesperson declined to comment to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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