Two Tencent-appointed directors resign from Epic Games board amid US antitrust concerns

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The US Department of Justice on Wednesday released a statement confirming that two Tencent-appointed directors have resigned from Epic Games’ board. Epic’s Unreal Engine is a powerful game development platform created by Epic Games, widely used in the gaming industry. Details: Tencent holds a minority stake in Epic, and the conflict arose because Tencent is also the parent company of Riot Games, an Epic competitor. The US Department of Justice said that Riot Games, wholly owned by Tencent, and Epic Games, in which Tencent holds approximately a 29% stake in fully diluted shares, are in a competitive relationship. Context: Currently, China does not have an independent game development engine to rival Epic’s Unreal or the other leading engines in the sector.