Tencent Removes Two Directors from Epic Games and Relinquishes Its Right to Unilaterally Appoint Directors or Observers in Response to Justice Department Scrutiny

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Date: 18th Dec, 2024 Source: US Department of Justice (Antitrust Division) Country: USA Original Source

Brief

"On December 18, 2024, the US Department of Justice (Antitrust Division) issued an update regarding Tencent Removes Two Directors from Epic Games and Relinquishes Its Right to Unilaterally Appoint Directors or Observers in Response to Justice Department Scrutiny". Tencent Holdings Ltd. removed two directors from the Epic Games Inc. board due to concerns over interlocking directorates violating Section 8 of the Clayton Act, while also amending its shareholder agreement with Epic.

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US Department of Justice (Antitrust Division)

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Tencent Removes Two Directors from Epic Games and Relinquishes Its Right to Unilaterally Appoint Directors or Observers in Response to Justice Department Scrutiny

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Tencent Removes Two Directors from Epic Games and Relinquishes Its Right to Unilaterally Appoint Directors or Observers in Response to Justice Department Scrutiny

Brief

US Department of Justice (Antitrust Division)

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