As a long-time gamer and follower of the gaming industry, I find myself both intrigued and concerned by the latest developments surrounding Epic Games. On one hand, it’s refreshing to see a company as influential as Epic Games being held accountable for potential violations of antitrust laws. However, as someone who has witnessed numerous corporate power struggles, I can’t help but feel a tinge of “oh, brother” when I hear about another boardroom drama unfolding.
Over time, Epic Games has won several lawsuits. A notable case was against Google in 2024. However, recently, the U.S. Justice Department accused Epic Games of breaching Section 8 of the Clayton Act. This rule prevents individuals from holding multiple positions on the board of a company and its direct competitor, to maintain fair competition.
The Justice Department disclosed that two directors from Epic, who were selected by Tencent, chose to resign on their own accord, following the government’s Antitrust Division bringing up the Clayton Act. It’s worth noting that Tencent holds a minority stake in Epic, and is the primary owner of Riot Games, creators of League of Legends. Epic has verified that the departing directors are Ben Feder and David Wallerstein. Moreover, Tencent has forfeited its authority to appoint any more directors to Epic’s board of directors.
A representative from Tencent stated, “Our partnership with Epic has been focused on creating outstanding games and providing exceptional player and developer experiences since day one. We are excited about the prospect of furthering our collaboration with them as we strive toward a common goal.
After making the announcement, Epic revealed that two fresh, independently elected board members would be proposed by the shareholder committees of the company in replacement for Feder and Wallerstein. However, it is expected that both Feder and Wallerstein will continue holding their positions on Tencent’s board.
Tencent, too, holds a smaller share of Ubisoft, and they’re currently discussing a possible takeover by the management. The Guillemot family, who own the most significant portion of Ubisoft, are said to be keen on retaining control in any transaction. Meanwhile, it’s reported that Ubisoft is seeking more influence over future board decisions as part of any future investment they might receive. At this point, neither company has disclosed any agreement between them.
This week, Epic filed a lawsuit against someone they accuse of cheating in their Fortnite competitions. According to Epic, this individual used forbidden software to secure an unfair edge, resulting in substantial winnings. Simultaneously, Epic is engaged in a dispute with Apple regarding Epic’s ambition to establish its own app store.
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2024-12-19 19:39