Two Tencent-Appointed Epic Games Board Members Resign Amid DOJ Antitrust Inquiry
variety.comJennifer Maas TV Business Writer Two Epic Games board directors have resigned from their positions amid an antitrust inquiry by the Justice Department.
The board members had been appointed to the privately held company’s board by minority investor Tencent, which is the China-based owner of Epic competitor Riot Games.
Epic Games, which also counts Disney among its investors, is the owner of popular online gaming platform Fortnite and the creator of Unreal Engine, the industry’s top tech used to build video games.
According to a press release issued by the DOJ Wednesday, the government body’s antitrust division “expressed concerns” that the unnamed individuals’ positions on both the Epic and Tencent boards “violated” Section 8 of the Clayton Act, which “prohibits directors and officers from serving simultaneously on the boards of competitors, subject to limited exceptions.” “Scrutiny around interlocking directorates continues to be an enforcement priority for the Antitrust Division,” DOJ antitrust division deputy director of civil enforcement Miriam R.
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