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Krafton Acquires Tango Gameworks and Hi-Fi Rush IP in Strategic Expansion

blankKrafton, the company behind the popular PUBG franchise, recently announced its acquisition of Tango Gameworks, a renowned development studio known for creating critically acclaimed games like Hi-Fi Rush, The Evil Within, and Ghostwire Tokyo. This strategic move marks Krafton’s first significant investment in the Japanese video game market and demonstrates its commitment to expanding its global footprint.

Tango Gameworks, founded in 2010, quickly established itself as a leading development studio, gaining recognition for its exceptional game titles. Hi-Fi Rush, a rhythm action combat game, has garnered widespread acclaim and received Overwhelmingly Positive reviews on Steam. The game’s success is further evidenced by its achievement of prestigious awards, including Best Animation at the BAFTA Games Awards, Best Audio Design at The Game Awards, and a Game Developers’ Choice award for Best Audio.

With this acquisition, Krafton aims to support the Tango Gameworks team in their commitment to innovation and delivering fresh and exciting experiences for fans. Importantly, there will be no impact on the existing game catalog of The Evil Within, The Evil Within 2, Ghostwire: Tokyo, and the original Hi-Fi Rush game.

By acquiring Tango Gameworks and the rights to its acclaimed IP, Hi-Fi Rush, Krafton is reinforcing its dedication to pushing the boundaries of interactive entertainment. The company’s mission is to provide gamers with innovative and high-quality content, and the addition of Tango Gameworks aligns perfectly with this vision.

In terms of the transition, Krafton has assured that it will work closely with Xbox to ensure a smooth process and maintain continuity at Tango Gameworks. This collaboration signifies the company’s commitment to its partnership with Xbox and its determination to bring the best gaming experiences to players worldwide.

For GamesBeat, this partnership with Lil Snack allows them to offer customized games to their audience, providing an exciting way to engage with the content they love. By incorporating gaming into their platform, GamesBeat can enhance user interaction and create a more immersive experience for gamers.

In conclusion, Krafton’s acquisition of Tango Gameworks and the rights to Hi-Fi Rush represents a significant milestone in the company’s global expansion and its investment in the Japanese video game market. This strategic move allows Krafton to strengthen its portfolio and continue delivering innovative and high-quality gaming experiences to its fans. Additionally, the partnership between GamesBeat and Lil Snack further enhances the gaming experience for their audience, solidifying their position as a leading source of gaming news and entertainment.