PUBG publisher Krafton has acquired Tango Gameworks and Hi-Fi Rush IP from Xbox.
The firm says it is working with Xbox to enable a “smooth transition” so the Tango team can “continue to develop the Hi-Fi Rush IP and explore future projects.”
Tango Gameworks was one of four Bethesda studios that Microsoft announced plans to shut down back in May. Founded by Resident Evil creator Shinji Mikami in 2010, it was responsible for The Evil Within, The Evil Within 2 and Ghostwire Tokyo before launching Hi-Fi Rush in 2023 to critical acclaim.
Despite its critical success, Microsoft announced that it would close Tango Gameworks as part of a cost-cutting effort. It also announced closures for Redfall developer Arkane Austin, Mighty Doom studio Alpha Dog, and Roundhouse Games.
Krafton said the acquisition will have no impact on the availability of previous versions of Tango and that they will remain available where they are currently.
The firm said in a statement: “This integration reinforces Krafton's commitment to expand its global footprint and expand its portfolio with
innovative and high quality content. The addition of Tango Gameworks represents a strategic tie-up with Krafton's
mission to push the boundaries of interactive entertainment.”
Krafton is a South Korean publisher best known for releasing the hit games PUBG: Battlegrounds, TERA, and The Callisto Protocol. His studio portfolio includes Bluehole, PUBG Studios, Striking Distance, Neon Giant and more.
No transaction details were shared.