Three directors have stepped down from the Epic Games board due to concerns raised by the U.S. Department of Justice regarding potential antitrust violations.
Three directors resigned from the Epic Games board following concerns raised by the U.S. Department of Justice about potential Clayton Act violations. The DOJ antitrust division stated that the directors' positions, along with Tencent 's investment in Epic, might have breached Section 8 of the Clayton Act , which prohibits directors and officers from serving on competing companies' boards.
Tencent also agreed to modify its shareholder agreement with Epic, relinquishing its right to unilaterally appoint directors or observers to the Epic board in the future. The DOJ emphasized its ongoing enforcement efforts against interlocking directorates, highlighting recent successes in combating violations of Section 8.
Epic Games Clayton Act Antitrust Tencent Interlocking Directorates
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