In early May 2024, the gaming industry was rocked by the closure of several game studios under Microsoft Xbox, including Tango Gameworks, the creators of *The Evil Within* and *Hi-Fi Rush*.
The news sparked a wave of criticism and uncertainty about the future of Tango Gameworks’ staff. Recently, reports surfaced that Krafton, the company behind PUBG, has acquired Tango Gameworks. But is it true?
Krafton has officially announced on their website that they have completed the acquisition of Tango Gameworks from Microsoft Xbox. This acquisition includes the rights to Tango’s intellectual property, specifically *Hi-Fi Rush*.
As part of the agreement, Krafton plans to collaborate with Xbox and ZeniMax to ensure a smooth transition and maintain continuity at Tango Gameworks. This effort is aimed at allowing the current team to continue working on the *Hi-Fi Rush* IP in future projects.
The acquisition offers a glimmer of hope for the Tango Gameworks team to resume development on new *Hi-Fi Rush* titles, as hinted before the studio’s closure by Microsoft Xbox.
Krafton’s Future Plans
In addition to enabling the Tango team to develop new *Hi-Fi Rush* games, Krafton has expressed its commitment to innovation and delivering fresh experiences for fans.
Krafton has also stated that this acquisition will not significantly impact the existing games from Tango, including *The Evil Within*, *The Evil Within 2*, *Ghostwire: Tokyo*, and *Hi-Fi Rush*.
That’s the latest on Krafton’s acquisition of Tango Gameworks. What are your thoughts on this surprising development?
