Page 2 - Shane Yeend News Today

Shareholders in embattled Adelaide video game development company Mighty Kingdom have ousted chair Michele Guthrie.

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Aussie developer Mighty Kingdom says it's at risk of a takeover move by Adelaide businessman Shane Yeend, and has asked the Australian Takeovers Panel to restrain Yeend's Gamestar from voting shares at an upcoming shareholder meeting.

Mighty Kingdom is fending off a mounting takeover push from a major investor it says has not paid for its shares.

Embattled Adelaide video game company Mighty Kingdom’s largest shareholder Gamestar Studios has sent a letter to other shareholders calling for chair Michelle Guthrie and the entire board to be replaced.

One week after announcing it was considering a sale of the business, Adelaide video game developer Mighty Kingdom has terminated a deal with a company founded by its ex-CEO.

Video game company Mighty Kingdom is considering a “whole or partial divestment” of the business as it launches a $1 million capital raise.

Mighty Kingdom has named its new interim boss one month on from the resignation of former Mighty Kingdom CEO Shane Yeend.

South Australia’s premier executive appointments column tracking the movements of those driving the state’s public and private sectors.

Mighty Kingdom has hired lawyers to chase more than $2 million in settlement funds which it alleges are outstanding.