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In May, Microsoft announced the closure of Tango Gameworks, the developer behind *Hi-Fi Rush*, along with a few other Bethesda-owned studios, to focus on its “priority games.” However, the Japanese studio has now been acquired by Krafton, ensuring it will remain operational. The South Korean publisher, known for *PUBG: Battlegrounds*, confirmed on Monday that it had integrated Tango Gameworks into its team, marking its first major investment in the Japanese video game market. This acquisition also includes the intellectual property rights to *Hi-Fi Rush*, the rhythm-based action-adventure game developed by Tango.
While financial details of the deal were not disclosed, Krafton stated it would work closely with Xbox and Bethesda’s parent company, ZeniMax, to facilitate a smooth transition. The publisher also mentioned that it plans to allow Tango Gameworks to continue developing the *Hi-Fi Rush* franchise, hinting at potential future sequels.
Krafton emphasized in its statement that it will support the Tango Gameworks team in maintaining its innovative approach and delivering exciting new experiences for fans. Additionally, the existing catalogue of Tango’s games, including *The Evil Within*, *The Evil Within 2*, *Ghostwire: Tokyo*, and *Hi-Fi Rush*, will remain unaffected by the acquisition.
This acquisition reflects Krafton’s broader strategy of expanding its global reach. In recent years, the company has also acquired other game developers, including Neon Giant and Unknown Worlds Entertainment. Krafton highlighted that this move reinforces its commitment to offering innovative, high-quality content as part of its growing portfolio.
Tango Gameworks was originally founded by Capcom veteran Shinji Mikami in 2010 and was acquired by ZeniMax Media later that year. The studio became part of Microsoft’s collection of game studios when Xbox acquired ZeniMax in 2021.
Earlier this year, Microsoft had announced the closure of several Bethesda-owned studios, including Tango Gameworks and Arkane Austin, the developer behind *Redfall*. Despite the critical success of *Hi-Fi Rush*, Tango was among the studios affected by these closures.
