Mark Cuban, the billionaire investor and owner of the Dallas Mavericks basketball team, is buying Netflix Inc (NFLX.O) shares because he considers the video streaming company to be an acquisition target.
The Federal Bureau of Investigation (FBI) confirmed that they arrested Jon Miller, the founder of San Francisco, US-based real-world analytics startup Motionloft, in connection with a false claim about an acquisition of the firm.
A verdict of not guilty was entered by a Dallas jury on the case of insider trading against billionaire Mark Cuban.
Jury deliberations on the insider trading case against Mark Cuban started Wednesday.
Mark Cuban's insider trading trial saw emails he sent to then UBS SVP Charles McKinney support earlier testimony made by the Dallas Mavericks owner.
Billionaire Mark Cuban said during a court trial last Monday that the stake he sold from an Internet search firm was long been planned.
SEC Lawyer Jan Folena said Mark Cuban cheated when he sold his shares in an Internet firm nine years ago.
The US Securities and Exchange Commission has charged Mark Cuban of insider trading.