Tango Gameworks was shut down by Microsoft in May, with many lamenting the loss of a studio that had been in operation for nearly 15 years and produced games such as 2023’s surprise hit Hi-Fi Rush. However, Seoul-based publisher Krafton Inc. came to the rescue, announcing that it had acquired the Tango Gameworks and Hi-Fi Rush IPs from Microsoft.
According to an official statement from Krafton, the agreement will allow Tango to “continue developing Hi-Fi-Rush IP and explore future projects.” The statement also confirmed that other Tango projects such as The Evil Within and Ghostwire: Tokyo will “not be affected” and will remain with Microsoft.
Krafton announced the acquisition Monday morning in Seoul (Sunday night in North America) and said the move “reinforces Krafton’s commitment to expanding its global footprint and enhancing its product portfolio through innovation and high-quality content.” .” A Microsoft spokesperson told Windows Central that the company is “working with Krafton to allow the team at Tango Gameworks to continue developing games together, and we look forward to playing their next great game.”
Tango Gameworks was one of four studios Microsoft closed in May, along with Alpha Dog Games, Roundhouse Games and Arkane Austin. At the time, Microsoft said in a company-wide email that the shutdown was a “difficult decision to increase investment in other parts of our portfolio and focus on our priority games.”
Hi-Fi Rush originally launched for Xbox and PC in January 2023, as a surprise release following a developer face-to-face meeting between Xbox and Bethesda. The game was released on PlayStation 5 earlier this year, along with other Microsoft Studios-developed titles such as Pentiment, Grounded, and Sea Of Thieves.
