Tencent Directors Resign from Epic Games Board Following U.S. Antitrust Investigation

The Justice Department cited violations of the Clayton Act due to Tencent's ties to both Epic Games and competitor Riot Games.

Two Tencent-appointed directors, Ben Feder and David Wallerstein, stepped down from Epic Games' board after U.S. Justice Department scrutiny.
The resignations were prompted by concerns that their roles violated Section 8 of the Clayton Act, which prohibits directors from serving on competing companies' boards.
Tencent, a minority stakeholder in Epic Games and parent company of rival Riot Games, has amended its shareholder agreement to relinquish its right to appoint directors to Epic's board in the future.
The Justice Department emphasized its ongoing focus on enforcing antitrust laws, particularly around interlocking directorates in competitive industries.
Epic Games confirmed plans to replace the departing directors with independent board members nominated by shareholder committees.