Krafton Acquires Tango Gameworks and Hi-Fi Rush IP from Xbox

PUBG publisher Krafton has acquired Tango Gameworks and the Hi-Fi Rush IP from Xbox as part of a “strategic agreement.”

The company says it’s working with Xbox to enable a “seamless transition” so the Tango team can “continue to develop 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 by Resident Evil creator Shinji Mikami in 2010, it 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 game’s huge success, Microsoft announced that it would be closing 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 developer Alpha Dog, and Roundhouse Games.

Krafton said the acquisition will have no impact on the availability of previous versions of Tango, and that they will remain available where they currently are.

“This integration reinforces Krafton’s commitment to expanding its global presence and strengthening its portfolio with

Innovative, high-quality content. The addition of Tango Gameworks represents a strategic alignment with Krafton’s

“Our mission is to push the boundaries of interactive entertainment.”

Krafton is a South Korean publishing house known for publishing the hit games PUBG: Battlegrounds, TERA, and The Callisto Protocol. Its portfolio of studios includes Bluehole, PUBG Studios, Striker Distance, Neon Giant, and more.

Details of the deal were not disclosed. The deal comes a month after Tango Gameworks employees announced Posting photos from the last day of the studio.