PUBG publisher Krafton has acquired Tango Gameworks and Hi-Fi Rush IP from Xbox as part of a “strategic agreement.”
The company said it’s working with Xbox to ensure a “smooth transition” that allows the Tango team to “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. Founded in 2010 by Resident Evil creator Shinji Mikami, the studio was responsible for The Evil Within, The Evil Within 2, Ghostwire Tokyo and released the critically acclaimed Hi-Fi Rush in 2023. Xbox acquired the studio as part of its $7.5 billion acquisition of Bethesda’s parent company ZeniMax in 2021.
Despite critical reception, Microsoft announced it was closing Tango Gameworks as part of an effort to focus on “high-impact titles.” The company also announced the closure of Redfall developer Arkane Austin, Mighty Doom studio Alpha Dog, and Roundhouse Games.
Crafton said the acquisition will not affect the availability of Tango’s previous releases, which will continue to be available wherever they are currently located.
“This combination reinforces Krafton’s commitment to expanding its global footprint and strengthening its portfolio,” the company said in a statement.
Innovative and high-quality content. The addition of Tango Gameworks is a
A mission to push the boundaries of interactive entertainment.”
Krafton is a South Korean publisher best known for publishing hits PUBG: Battlegrounds, TERA and The Callisto Protocol. Their studio portfolio includes Bluehole, PUBG Studios, Striking Distance and Neon Giant.
Details of the deal were not disclosed. The deal comes a month after Tango Gameworks staff posted photos from the studio’s final day.