Dan Is a Director of Two Internet Corporations,ABC

Essay

Dan is a director of two Internet corporations,ABC.com and XYZ.com.ABC is about to release a new technology-Opt Out-that will automatically disguise an Internet user to protect their privacy.Dan is sure that Opt Out will be highly profitable.Dan convinces XYZ to initiate a hostile takeover bid for ABC,without disclosing any information about the new product.Has Dan breached his fiduciary duties,or other duties,to ABC? To XYZ? Discuss fully.