The Justice Department announced today that two directors of Epic Games Inc. (Epic), who had been appointed by Tencent Holdings Ltd. (Tencent), resigned from the Epic board after the Antitrust Division expressed concerns that their positions on both the Epic and Tencent boards violated Section 8 of the Clayton Act. Tencent owns a minority interest in Epic. The interlock was
I’ve read this multiple times, and I am just not getting anything from it. What’s happening here, and do I have more reason to dislike Epic?
This is more of a “scummy business” article than an “Epic bad” article. The directors in question were sitting on the boards of both Epic Games and Tencent. This was seen as an issue because while Tencent holds a minority share of Epic, they also completely own competitors, such as Riot.