PUGB and BGMI developer Krafton has acquired Tango Gameworks, marking its first significant investment in the Japanese video game market. This acquisition has given Krafton the rights to Tango’s critically acclaimed action-adventure game Hi-Fi Rush.
Founded in 2010, Tango Gameworks established itself as a leading development studio, renowned for creating Hi-Fi Rush, along with the survival horror titles The Evil Within and The Evil Within 2, and the action-adventure game Ghostwire: Tokyo. The studio was going to be shut down by its previous owner Microsoft. The tech giant’s video game brand Xbox announced only three months back that it was shutting down three studios – Tango Gameworks, Redfall developer Arkane Austin and Mighty Doom developer Alpha Dog – it acquired when it bought video game developer ZeniMax Online Studios.
As part of the acquisition agreement, Krafton has announced that it will “collaborate with Xbox and ZeniMax to ensure a smooth transition and maintain continuity at Tango Gameworks, allowing the talented team to continue developing the Hi-Fi Rush IP and explore future projects.”
Krafton has also said that the move will have no impact on the studio’s previous portfolio The Evil Within, The Evil Within 2, Ghostwire: Tokyo and Hi-Fi Rush all of which will still be available on their existing platforms.