As communicated at its last shareholder meeting, Shadow Government has decided to cease its operations and has initiated the liquidation process.
Shadow Government was founded in 2011 with offices in New York and Zurich to spearhead an entirely new form of social gaming based on gamification of real countries, world events and a proven strategic country planning model. In February 2011, the young gaming company obtained angel financing of CHF 900’000 from private business angels to develop the game. investiere investors contributed CHF 64’000 to this round.
Shadow Government could not gain sufficient traction in order to secure a follow-on investment to finalize the game and in the summer of 2013, management decided to freeze operations and begin searching for an asset sale opportunity. In the past year the team had been in contact with numerous potential national and international cooperation partners and buyers and conducted concrete discussions with an international publisher, two Swiss game developers and two European game studios interested in Shadow Government’s IP. Unfortunately these negotiations did not bear any fruit.
Having spent a year looking for a buyer, the board and management decided to halt the search and proposed to liquidate the company. This decision was accepted at Shadow Government’s annual shareholder meeting held on June 26, 2014.