China’s Tencent, one of the world’s biggest video game publishers, has relinquished its right to appoint directors and observers to the board of Epic Games Inc., with two Tencent-appointed directors resigning, the Department of Justice (DOJ) announced on Dec. 18.
The DOJ had been investigating Tencent for antitrust law violations. Section 8 of the Clayton Act prohibits people from serving as directors or officers in any two corporations that are engaged in commerce or competition, with exceptions for banking and trust companies.
Tencent is a minority shareholder in North Carolina-based Epic but also owns California-based Riot Games, a main competitor to Epic….