TECHNOLOGY & TELECOMMUNICATIONS
From Times Staff and Wire Reports
Broderbund Software Under SEC Investigation: The Novato, Calif.-based company is the target of an “informal inquiry” by the Securities and Exchange Commission for trading the day before it announced it was being acquired by Electronic Arts Inc., a company spokeswoman said. SEC officials declined to comment. Shares of the largest U.S. publisher of educational software rose about 22% in the three days of trading before acquisition plans were announced Feb. 9, leading many analysts to believe that inside information was leaked about the transaction. Electronic Arts plans to buy Broderbund for about $400 million.
