Thu Dec 19 2024
A Link with Tencent.
Two directors appointed by Tencent on the board of Epic Games have resigned following antitrust concerns raised by the Department of Justice. According to the department's press release:
Two directors appointed by Tencent have resigned from the board of Epic Games following antitrust concerns raised by the Department of Justice. In an official statement, it was indicated that Tencent holds a minority stake in Epic Games. The relationship between the companies became problematic as Tencent is also the parent company of Riot Games Inc., a competitor in the video game sector.
This decision by Tencent to withdraw the directors aims to address concerns about potential conflicts of interest that could arise due to its involvement in the competitive video game industry.