Activision stock sales under investigation by the Justice Dept.

The Wall Street Journal is reporting that three men—Fox co-founder Barry Diller, Reggie Miller-hating socialite Alexander von Furstenberg, and music magnate David Geffen—are currently under two separate federal investigations. This is over suspicions insider trading was involved in their purchase of millions of dollars of Activision shares just before the company’s purchase by Microsoft.

The allegations are centred on the trio’s purchase of $108 million in Activision Blizzard shares only days before the Microsoft sale was announced in January. Following the deal, those same shares are now worth approximately $168 million, making the three men a quick profit of $60 million.

As a result, the Justice Department is “investigating whether any of the options trades violated insider-trading laws,” while the Securities and Exchange Commission “is separately conducting a civil insider-trading investigation”.

Diller is then in turn also very close friends with Geffen, and married to von Furstenberg’s mother.

Speaking with the WSJ about the report, Diller said on record that “It was simply a lucky bet. We acted on no information of any kind from anyone. It is one of those coincidences,” while von Furstenberg told the paper he had been “buying Activision stock prior to that and the thought was that Activision at some point would either go private, or would be acquired at some point.”