WildTangent game studio veers out of existence, St. John becomes 'chairman'
by Alexander Sliwinski 
on Nov 3rd 2008 2:29PM
WildTangent has shut down its internal development studio and laid off about 20 people, reports
TechFlash. Furthermore, CEO Alex St. John, currently best known for preaching that
this is the last generation of consoles, will be "promoted" to chairman, while COO Mike Peronto will take over CEO duties. St. John is expected to spend more time on the road being "the public voice of the company."
WildTangent's game studio, which may (doubtfully) have shown up on gamer's radars with
Fate, isn't exactly a noticeable loss. The company has been surviving on its
Orb digital distribution service and by managing advertising sales for several web sites -- oh yeah, and there's always its
alleged spyware business.
[Via
GameDaily]
