PUBG writer Krafton has acquired Tango Gameworks and the Hello-Fi Rush IP from Xbox as a part of a ’strategic settlement‘.
The agency says it’s working with Xbox to allow a ‚easy transition‘ in order that the Tango staff can „proceed growing the Hello-Fi Rush IP and discover future initiatives“.
Tango Gameworks was one of four Bethesda studios that Microsoft announced plans to shut down back in May. It was shaped by Resident Evil creator Shinji Mikami in 2010, and was liable for The Evil Inside, The Evil Inside 2 and Ghostwire Tokyo, earlier than launching Hello-Fi Rush in 2023 to vital acclaim. Xbox acquired the studio in 2021 as a part of its $7.5 billion purchase of Bethesda parent company Zenimax.
Regardless of the vital success, Microsoft introduced it might be closing Tango Gameworks as a part of efforts to concentrate on „high-impact titles“. It additionally introduced closures for Redfall developer Arkane Austin, Mighty Doom studio Alpha Canine and Roundhouse Video games.
Krafton stated that the acquisition may have no affect on the supply of Tango’s earlier releases, and that they are going to stay obtainable the place they’re at present.
The agency stated in an announcement: „This integration reinforces Krafton’s dedication to increasing its world footprint and enhancing its portfolio with
revolutionary and high-quality content material. The addition of Tango Gameworks represents a strategic alignment with Krafton’s
mission to push the boundaries of interactive leisure.“
Krafton is a South Korean writer that is greatest recognized for publishing the hit PUBG: Battlegrounds, TERA and The Callisto Protocol. Its portfolio of studios contains Bluehole, PUBG Studios, Placing Distance, Neon Big and extra.
No particulars on the transaction have been shared. The deal comes a month after Tango Gameworks workers posted pictures from the studio’s final day.