Krafton Acquires Tango Gameworks and Hi-Fi Rush, Plans Expansion

Krafton Inc., known for PlayerUnknown's Battlegrounds, has acquired Tango Gameworks and the Hi-Fi Rush IP from Microsoft. This acquisition comes after Microsoft announced plans to shut down Tango Gameworks as part of cost-cutting measures. Krafton's acquisition aims to save the Japanese-based studio from closure and support the further development of the Hi-Fi Rush franchise. The existing catalog of Tango's games, including titles like The Evil Within and Ghostwire: Tokyo, will remain available on current platforms.

This move marks Krafton's first significant investment in the Japanese video gaming market and aligns with its strategy to expand its global footprint and enhance its portfolio with high-quality content. Despite the acquisition, Krafton has assured that there will be no impact on the availability of Tango's existing games. The company plans to collaborate with Xbox and ZeniMax to ensure a smooth transition and continuity at Tango Gameworks.