Two Epic Games Board Members Resign Amid Justice Department Antitrust Concerns

deadline.com:

Two board members of Epic Games have resigned amid Justice Department concerns over antitrust concerns. The DOJ had issues with two members who held positions on the boards of Epic as well as Tencent, in a potential violation of Section 8 of the Clayton Act.

Tencent owns a minority interest in Epic and is the parent company to its rival, Riot Games. Epic Games said that the two board members who resigned were Ben Feder and David Wallerstein.

Tencent also has agreed to amend its shareholder agreement with Epic to relinquish its unilateral right to appoint directors to the board.

Epic, which is based in North Carolina, operates Fortnite, one of the largest games in the world. Epic Games said in a statement, “The two Tencent-nominated Board Directors with minority voting rights voluntarily resigned from Epic’s board of directors earlier this year based on the US Department of Justice’s expressed concerns related to Section 8 of the Clayton Act.