Two Epic Executives Resign Amid DOJ Antitrust Probe

Tencent, the renowned Chinese tech and entertainment powerhouse, has recently decided to withdraw two of its directors from the board of Epic Games. This move comes in light of a U.S. Department of Justice (DOJ) investigation focusing on antitrust laws.

According to a statement from the DOJ, these board members were found to be in violation of Section 8 of the Clayton Act. This law clearly states that an individual cannot simultaneously serve as a director for two competing companies—in this scenario, Epic Games and Tencent.

Following the investigation’s findings, Tencent has altered its shareholder agreement with Epic Games. The company has relinquished its right to appoint directors to the board of the creators of Fortnite.

Miriam R. Vishio, who serves as the deputy director of civil enforcement within the DOJ’s antitrust division, emphasized the importance of this examination. “We continue to prioritize the enforcement of regulations around interlocking directorates,” she stated. Vishio also voiced appreciation for the diligent efforts of the staff, noting, “Over the past few years, our heightened focus on enforcing Section 8 has produced significant results and become a core part of our mission.”