Here's How To Claim Your Share Of $245M Epic Games Fortnite Settlement
Portfolio Pulse from Rounak Jain
Epic Games, owned by Tencent Holdings Ltd. (OTCPK: TCEHY), is set to pay out a $245 million settlement as ordered by the US Federal Trade Commission (FTC). The fine was imposed after the FTC found that Epic Games was charging for unwanted in-game purchases and locking out customers who disputed these charges. Eligible users, including those who were charged for unwanted items and whose accounts were locked between January 2017 and September 2022, can now file their claims.
September 20, 2023 | 7:45 am
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Tencent Holdings Ltd., the parent company of Epic Games, may face financial implications due to the $245 million settlement. The news could potentially affect the company's reputation and investor sentiment.
The settlement is a significant financial burden for Tencent's subsidiary, Epic Games. This could potentially affect Tencent's financial performance. Additionally, the negative publicity surrounding the settlement could harm the company's reputation, potentially affecting investor sentiment and the stock price.
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IMPORTANCE 75
RELEVANCE 100