Krafton acquires Japan's Tango Gameworks

Krafton founder and Chairman Chang Byung-gyu speaks during the company’s online press conference, July 26, 2021. Courtesy of Krafton

Krafton, a Korean game firm, said Monday it has acquired Tokyo-based game studio Tango Gameworks.

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.

"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. (Yonhap)