KRAFTON, the publisher behind PUBG, announced on August 12, 2024, that it had taken over Tango Gameworks’ business and acquired the Hi-Fi RUSH intellectual property, with Xbox and ZeniMax’s cooperation. The deal did not include Tango’s entire back catalog: KRAFTON-confirmed reporting said The Evil Within and Ghostwire: Tokyo were not part of the acquisition. KRAFTON later took over Hi-Fi RUSH service operations from Bethesda Softworks in November 2025.
What did KRAFTON acquire?
The August 2024 announcement covered Tango Gameworks’ business and the Hi-Fi RUSH IP. KRAFTON said it planned to integrate Tango’s development staff and continue work on Hi-Fi RUSH as well as new projects. The announcement described a business transition and employment succession, not a purchase of every franchise Tango had made.
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According to contemporaneous Pure Xbox reporting citing KRAFTON investor information, approximately 50 development staff were included in the planned employment succession. That approximate figure is reported investor information; KRAFTON’s announcement itself did not state a headcount, and it does not establish that every former Tango employee transferred.
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KRAFTON-confirmed reporting said The Evil Within, The Evil Within 2, and Ghostwire: Tokyo were not included in the deal. KRAFTON’s announcement said the studio’s existing game catalog would not be affected. In practical terms, the acquisition secured Hi-Fi RUSH and Tango’s business, but should not be described as KRAFTON acquiring Tango’s complete historical IP catalog.
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When did the acquisition take effect?
KRAFTON announced the transaction on August 12, 2024. Pure Xbox reported, citing KRAFTON investor information, that it was effective August 1, 2024. The announcement came after Microsoft had announced Tango’s closure in May 2024; it does not specify the closure’s effective date.
| Date | What happened |
|---|---|
| 2010 | Tango Gameworks was founded, according to KRAFTON Japan. |
| 2021 | Microsoft acquired Tango Gameworks, according to KRAFTON Japan. |
| May 2024 | Microsoft announced Tango’s closure. |
| August 1, 2024 | Reported effective date of KRAFTON’s transaction, according to Pure Xbox’s reporting on investor information. |
| August 12, 2024 | KRAFTON publicly announced the business transition and Hi-Fi RUSH IP acquisition. |
| November 14, 2025, 9:00 AM KST | Hi-Fi RUSH service-operation transition from Bethesda Softworks to KRAFTON began. |
| December 4, 2025, 11:00 AM KST | KRAFTON scheduled an in-game patch reflecting the change of service operator. |
What changed for Hi-Fi RUSH players?
The later service handover was separate from the 2024 acquisition announcement. KRAFTON’s support notice says it took over Hi-Fi RUSH service operation from Bethesda Softworks beginning November 14, 2025, at 9:00 AM KST. KRAFTON scheduled an in-game patch for December 4, 2025, at 11:00 AM KST to reflect the operator change.
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KRAFTON’s notice said the transition would not affect gameplay, saves, progress, achievements, or player information. It also said players could continue enjoying the game as before. KRAFTON’s current media page credits Hi-Fi RUSH to KRAFTON and Tango Gameworks.
What remains undisclosed?
KRAFTON did not disclose an acquisition price or other financial terms in its announcement. The available company statements establish the announced scope and planned continuity, but do not provide a deal valuation.
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