Krafton Acquires Tango Gameworks And Hi-Fi Rush IP

South Korean video game company, Krafton acquires Tango Gameworks, a Tokyo-based game studio established in 2010.

Indeed an exciting news! Krafton Inc., the creators of the popular mobile game PUBG, has acquired the renowned game development studio Tango Gameworks, known for its ties to Microsoft.

The integration reinforces Krafton’s dedication to expanding its footprint into the global market. Similarly, the collab will enhance the company portfolio with innovative, high-quality content, as stated in a business statement.

Tango Gameworks: The first Japanese studio in Microsoft Gaming’s development Portfolio

Tango has done some incredibly well and wonderful work in the gaming industry. The rhythm-based game Hi-Fi Rush and the adventure game Ghostwire: Tokyo won’t be forgotten by gamers.

In March 2021, Microsoft paid $7.5 billion to ZeniMax Media, Tango Gameworks’ parent company, to make Tango Gameworks the first Japanese studio in Microsoft gaming’s development portfolio.

Krafton Acquires Tango Gameworks. Image Credit: Social Media.

After that acquisition, Tango became the Xbox manufacturer’s first Japanese development studio. The announcement of Krafton acquires Tango Gameworks envisioned high-quality gaming with a fun environment and development by the organization.

Krafton’s Statement

According to Krafton’s statement, the move will not affect the availability of Tango Gamesworks’ back catalog, including The Evil Within and Ghostwire: Tokyo.

It also states that it will work with Xbox and ZeniMax to ensure a smooth transition and continuity at Tango Gameworks. This will allow the talented team to keep developing the Hi-Fi Rush IP and explore future projects.

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Three Months After The Microsoft Announced Closure of Tango

Tango Gameworks, the studio behind Hi-Fi Rush and the popular game series The Evil Within, has found a new home with PUBG publisher Krafton.

This move comes after Microsoft announced the studio’s closure. Krafton’s acquisition provides a promising opportunity for the Tango Gameworks team to continue their creative endeavors in the gaming industry.

The South Korean publisher’s investment in the Japanese market signifies a major step for the company as it looks to expand its presence and influence in Japan.

Additionally, it suggests the company’s recognition of the potential for growth and success in the Japanese market. This was one of the most exciting news stories of the year for gamers, “Krafton acquires Tango Gameworks,” as they would now be sure to witness something crazy ahead.