Krafton acquires Tango Gameworks

Seoul: Krafton, a South Korean gaming firm, said on Monday it has acquired Tokyo-based game studio Tango Gameworks for an undisclosed sum.

Krafton said it will absorb Tango Gameworks' developers and the rights to its acclaimed rhythm action combat game Hi-Fi RUSH, according to the Korean company, reports Yonhap news agency.

"This integration reinforces Krafton's dedication to expanding its global footprint and enhancing its portfolio with innovative and high-quality content," the company said in a statement.

Founded in 2010, Tango Gameworks developed a series of hit titles, including Hi-Fi RUSH, and the survival horror game series The Evil Within.

Microsoft, which owns Xbox Game Studios, acquired the Japanese company in 2021 but decided to shut it down in May.