US politician denies selling Activision stocks hours before Microsoft acquisition block Activision BlizzardA US politician, Seth Moulton, has denied selling Activision stock for $250,000 just hours before the Microsoft acquisition was blocked by the FTC. On June 13, the US Federal Trade Commission (FTC) filed to block Microsoft from buying Activision Blizzard, seeking to stop the deal from going through as various other appeals come to light around the historic $69 billion acquisition. Due to the complications of the buyout, Activision Blizzard\u2019s stock price has fluctuated as a result for the past six months. Most notably, the price often takes a hit with every attempted block by regulators around the globe. However, just hours before the block from the FTC, Seth Moulton, a US Representative from Massachusetts, allegedly sold $250,000 of Activision Blizzard stock. Though he has since denied these reports. According to Unusual Whales, a crypto and stock data tool which also \u201cexposes market-wide corruption\u201d, they recorded that Moulton sold off Activision Blizzard stocks worth six figures on June 13, hours before FTC\u2019s block. However after a day after the tweet by Unusual Whales, a representative of Moulton sent a response to the website. The direct response to Unusual Whales reads as follows: \u201cThe Congressman\u2019s wife was previously employed by Activision and received stock grants as part of her income. The news of the FTC\u2019s intention to ask a court to block that merger was already publicly reported on the 12th. \u201cHer sale was made the next day. They had zero advance knowledge, truly sold it without knowing what would happen.\u201d Moulton\u2019s public statement further reiterates the same information. According to Unusual Whale\u2019s record of Moulton\u2019s sales history, this was not the first time he has sold Activision Blizzard stock, selling off $100,000 worth in March as well.<\/p>\n","protected":false},"excerpt":{"rendered":"
US politician denies selling Activision stocks hours before Microsoft acquisition block Activision BlizzardA US politician, Seth Moulton, has denied selling Activision stock for $250,000 just hours before the Microsoft acquisition was blocked by the FTC. On June 13, the US Federal Trade Commission (FTC) filed to block Microsoft from buying Activision Blizzard, seeking to stop […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-85974","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/85974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=85974"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/85974\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=85974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=85974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=85974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}