>> this was a trade barry diller stepson, alex and david geffen all acquired options purchased through jpmorgan they bought the right to buy about four million shares and all of this happened just a few days before microsoft and activision announced their intent to tie up >> you did talk to diller. he did say simply a lucky bet. we acted on no information of any kind from anyone it's one of those coincidences what is the general sense about how important this feels to the regulators and whether or not it's important relative to the other issues they have going on right now. when they are made aware of trades that at least on paper look suspicious or they have questions about, they're always going to investigate. >> i assume the three gentlemen have a money manager who are making trades on their behalf. any indication of whether there's any anything there have you looked into that route? is it possible they used the same one >> we don't have all the information yet. that's a question the doj would ask. we don't know how actively this trade was placed >> everybody knew there was action a

authorities are investigating barry diller's trading in activision blizzard options just before microsoftnnounced it was buying the company. other trades are being investigated. stiller denies any wrongdoing. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ pres. biden: we are banning all imports of russian oil and gas and energy. that means russian oil will no longer be acceptable at u.s. ports and the american people will deal another blow to putin's war machine. america had rallied to support the ukrainian people and made it clear we will not be part of subsidizing putin's war. jonathan: the war -- the words of the president of the united states. good morning. futures turnaround. of 1.6% on the s&p. crude, lower by 2% to 120.93. heard from the russian government. russia may rethink its energy commit it's after sanctions. we need to be thinking about, tom, click counter-sanctions, so to speak. reaction from russia. tom: i think we have been waiting for that f

separately, barry diller, the chairman is in the news along with his step-son, and media mogul david street journal reported federal regulators are investigating their options trading ahead of the $68 billion microsoft activision deal. the report says the three men purchased call options four days before the deal went down, resulting in unrealized profits of around $60 million. diller denied there was insider trading telling the journal "it was simply a lucky bet." stich fix shares off earlier lows but still ripping at the seems, down 6.5% the online personal styling service slashed its full year guidance citing softness in the number of active clients and issues related to the rolfe of its newer free- style service. and we got a little david versus goliath thing going on with lulu lemon stepping up shoe game by taking on industry giant nike. revealing its first running shoe which will launch later this month at $148 a pair, the bliss feel as it's called will be available in select locations in the u.s. , uk and mainland china, lulu is up 3% nike is i believe topping the dow or it wa

. >> and barry diller's life and why do it at all >> for $60 million divide it up >> it is more interesting to me and most people appreciate a lot of the guys are trading and investing in all sorts of stuff all the time. >> it is no different than you betting $5 on every game you watch. >> i know. >> it is interesting it just doesn't make sense it was out in the ether as the activision takeover. >> anybody looking at the stock would assumethat how it dropped and how many bad headlines were coming out about it and thinking change would happen >> this goes back to the warren buffett berkshire issue. >> that was not a good trade they lost money. it did not start out as a good trade for them >> i don't know. >> i think if anybody is watching had an idea thought something was in play. it would be different if you heard that from somebody who knew something that would make a major change >> i don't know anything there is innuendo. >> always. >> leave it at that. people are on boards that know other people that are here and there and all over the place. >> just because barry and bobby worked with

>>> federal prosecutors are looking at the most/ microsoft/activision david geoff enand barry diller von furstenberg traded days before the department is investigating whether it violated insider trading laws they're looking at it. diller told "the journal" none of the men had any neverings on the microsoft/activism deal and said it was a coincidence. they're longtime friends they've been very up friend. allen von furstenberg had been buying activism prior to that and thought it would be acquired because they had undergone so much headlines the friends, it wouldn't surprise me to see them jump in and put something on the line with this. >> i can't believe they're playing the options market when they already have so much money. there's no way they would act on inside information it's so obvious they understand that and would never do it and then you also think, wow, people would never think we would act on inside information because we know we can't. >> it's like berkshire buffet's friends with bill gates, as if there's some information. it turns out buffet had been buying in activism