PUBG publisher Krafton has acquired Tango Gameworks and Xbox's Hi-Fi Rush IP as part of a “strategic deal.”
The firm says it is working with Xbox to enable a “seamless transition” so the Tango team can “continue developing the Hi-Fi Rush IP and explore future projects.”
Tango Gameworks was one of four Bethesda studios that Microsoft announced plans to close in May. It was founded by Resident Evil creator Shinji Mikami in 2010 and was responsible for The Evil Within, The Evil Within 2, and Ghostwire Tokyo, before releasing Hi-Fi Rush in 2023 to critical acclaim. Xbox acquired the studio in 2021 as part of its $7.5 billion purchase of Bethesda parent company Zenimax.
Despite the critical acclaim, Microsoft announced it would be shutting down Tango Gameworks as part of its efforts to focus on “high-impact titles.” It also announced the closure of 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 Tango releases, and that they will remain available where they are currently.
The company said in a statement: “This integration reinforces Krafton's dedication to expanding its global presence and enhancing its portfolio with innovative, high-quality content. The addition of Tango Gameworks represents a strategic alignment with Krafton's mission to push the boundaries of interactive entertainment.”
Krafton is a South Korean publisher known for publishing the hit titles PUBG: Battlegrounds, TERA, and The Callisto Protocol. Its portfolio of studios includes Bluehole, PUBG Studios, Striking Distance, Neon Giant, and more.
No details about the transaction were shared. The deal comes a month after Tango Gameworks staff posted images from the studio's final day.