PUBG publisher Krafton has acquired developer Tango Gameworks and the rights to Hi-Fi Rush, marking the company’s first “significant investment” in the Japanese video game market.
Tango Gameworks, which is also known for the likes of the Evil Within series, was founded by Shinji Mikami in 2010. In 2012, Bethesda parent company ZeniMax Media purchased Tango, before it was then itself acquired by Microsoft years later.
Under Microsoft, Tango surprise launched Hi-Fi Rush in 2023 to wide acclaim, with the rhythm action release becoming a highlight in the Xbox Series X/S catalogue. Our Ed called the Xbox console exclusive both “vibrant and self-assured” in Eurogamer’s own Hi-Fi Rush review.
When Microsoft subsequently announced in May it was closing several Bethesda studios – including Dishonored developer Arkane Austin and Mighty Doom studio Alpha Dog Games along with Tango Gameworks – shockwaves were felt through the industry. Many were quick to condemn this move by Microsoft, with Arkane Lyon boss Dinga Bakaba calling it a “fucking gut stab”.
However, Tango Gameworks will now live on thanks to today’s news that Krafton has acquired both the studio and the Hi-Fi Rush brand.
“As part of this strategic agreement, Krafton intends to 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,” a press release on today’s acquisition reads.