Krafton, a South Korean video game publisher, has acquired Tango Gameworks, developers of Hi-Fi Rush. The Tango Gameworks acquisition appeared after recent news that the studio's now-former owners at Microsoft announced plans to shut down the studio.
Previously, Microsoft had initially announced that it was planning to shut down Tango Gameworks, along with Redfall developer Arkane Austin and Mighty Doom developer Alpha Dog Studios, three studios it inherited after acquiring ZeniMax in 2021.
The upcoming Tango Gameworks closure was globally criticised by the gaming community at that time, as Hi-Fi Rush had won numerous awards during the 2023–2024 awards season.
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While the value of the deal has not been unfolded officially. Hi-Fi Rush was the only Tango's Internet Protocol (IP) noticed in Krafton’s announcement, so it’s unclear if Microsoft is relinquishing the rights to the studio’s other franchises like The Evil Within and Ghostwire: Tokyo.
The PlayerUnknown's Battlegrounds (PUBG) owner claimed that the acquisition won’t affect the availability of Tango Gameworks’ existing game catalogue.
Krafton said that it will support the Tango Gameworks team to deliver “fresh and exciting experiences for fans," which results in users viewing the rumoured Nintendo Switch Hi-Fi Rush port that never materialised, or possibly even sequels to the game.