Two Tencent-Appointed Epic Games Board Members Resign Amid DOJ Antitrust Inquiry [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
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. More from Variety Justin Timberlake's 'In Time' and Other New Regency Films to Be Adapted Into Fortnite Games by Snoop Dogg's Death Row Game Awards Team With 'Fortnite' for Fan Voting Hosted by 'MetaHuman' Version of Geoff Keighley Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase 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
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