Two Epic Games Board Members Resign After DOJ Inquiry [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
of Epic and that of one of its investors, the Chinese gaming giant Tencent, violated Section 8 of the Clayton Act. The DOJ antitrust division announced the resignations Wednesday, adding that “Tencent also decided to amend its shareholder agreement with Epic to relinquish its unilateral right to appoint directors or observers to the Epic board in the future.” More from The Hollywood Reporter 'Fortnite' Returns to the iPhone (at Least in Europe), as Game Launches Marvel-Themed Season Netflix Taps Alain Tascan as President of Games Division Trevor Noah Is Producing a New Comedy Special...in 'Fortnite' The DOJ did not name the directors that resigned. Epic is a privately-held company. Tencent, in addition to being an investor in Epic, also owns Riot Games, the developer of League of Legends and other game franchises. Section 8 of the Clayton Act prohibits directors and officers from serving simultaneously on the boards of competitors, subject to limited exceptions. The DO
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