Tencent removes two directors from Epic Games, US Justice Dept says
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Tencent Holdings has removed two directors from Epic Games' board following concerns from the U.S. Justice Department about potential antitrust law violations due to their positions on both Epic and Tencent boards.
December 18, 2024 | 9:00 pm
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Tencent Holdings has removed two directors from Epic Games' board due to U.S. Justice Department's antitrust concerns, potentially impacting Tencent's governance and regulatory compliance.
The removal of Tencent-appointed directors from Epic Games' board due to antitrust concerns indicates regulatory challenges for Tencent. This could lead to increased scrutiny and potential operational adjustments, negatively impacting investor sentiment in the short term.
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