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Two Epic Games Board Members Resign Amid Justice Department Antitrust Concerns
Two board members of Epic Games have resigned amid Justice Department concerns over antitrust concerns. The DOJ said that the two board members, who were not identified, raised issues that their positions on the Epic and Tencent boards violated Section 8 of the Clayton Act. Tencent owns a minority interest in Epic and is the […]
Tencent owns a minority interest in Epic and is the parent company to its rival, Riot Games. Tencent also has agreed to amend its shareholder agreement with Epic to relinquish its unilateral right to appoint directors to the board. Section 9 of the Clayton Act prohibits directors and officers from serving simultaneously on the boards of competitors.
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