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WASHINGTON, Dec 18 (Reuters) - Two directors of Epic Games who had been appointed by Chinese gaming and social media firm Tencent Holdings (0700.HK), opens new tab resigned from the board of the ...
Two directors of Fortnite creator Epic Games who were appointed by Chinese tech company Tencent Holdings have resigned their positions in the wake of an antitrust investigation in the United States.
(Bloomberg) -- Tencent Holdings Ltd. removed two directors it appointed to the board of Epic Games Inc. after the US Justice Department deemed the positions a violation of antitrust laws.
Tencent owns a minority interest in Epic and is the parent company to its rival, Riot Games. Epic Games said that the two board members who resigned were Ben Feder and David Wallerstein.
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 ...