# BGMI maker Krafton acquires Hi-Fi Rush IP and Tango Gameworks from Microsoft; Save it from shutting down | Tech News (HT Tech) > Krafton has acquired Tango Gameworks and the Hi-Fi Rush IP from Microsoft. The studio will remain active and continue developing new projects under Krafton's support. # BGMI maker Krafton acquires Hi-Fi Rush IP and Tango Gameworks from Microsoft; Save it from shutting down ## Krafton has acquired Tango Gameworks and the Hi-Fi Rush IP from Microsoft. The studio will remain active and continue developing new projects under Krafton's support. Aug 12 2024, 19:08 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![BGMI maker Krafton acquires Hi-Fi Rush IP and Tango Gameworks from Microsoft](https://images.hindustantimes.com/tech/img/2024/08/12/1600x900/BGMI_maker_Krafton_acquires_Hi-Fi_Rush_IP_and_Tang_1723469732632_1723469732787.jpg) ![icon](https://images.hindustantimes.com/tech/static/revamp/images/png/imageviewall.png) Krafton has acquired Hi-Fi Rush IP and Tango Gameworks from Microsoft, saving the studio from closure. (Reddit) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By MD IJAJ KHAN Tango Gameworks, the studio behind Hi-Fi Rush, will remain operational after Krafton acquired it. Microsoft had previously announced plans to close the Japanese studio, but Krafton has stepped in to continue development. Krafton, the South Korean company known for PUBG: Battlegrounds and The Callisto Protocol, confirmed the acquisition in a press release on Monday. They are working with Xbox to ensure a seamless transition, allowing the Tango Gameworks team to keep developing Hi-Fi Rush and explore future projects. ## Krafton’s Commitment The press release stated that Krafton aims to support Tango Gameworks in maintaining its focus on innovation and delivering new experiences. Existing games from Tango Gameworks, including The Evil Within, The Evil Within 2, and Ghostwire: Tokyo, will remain available. Also read: Heavy rain in North India: Top tips to safeguard your expensive tech during Monsoon Also read click here. ## Reaction to Studio Closures In May 2024, Microsoft revealed plans to close several Bethesda studios, including Tango Gameworks and Arkane Austin, which developed Redfall. This news surprised and upset both developers and fans, especially after Microsoft executive Aaron Greenberg had previously praised Hi-Fi Rush as a significant success for Xbox. Also read: Jio, Airtel and Vi push TRAI to regulate WhatsApp, Telegram and other messaging apps: Know why ## Uncertain Future for Other IPs Tango Gameworks’ survival mirrors the fate of Toys For Bob, known for Skylanders, which also moved to independence after leaving Microsoft/Activision earlier this year. The financial details of the acquisition have not been disclosed. Krafton’s announcement only mentioned Hi-Fi Rush, leaving it unclear whether Microsoft has also transferred rights to other Tango Gameworks franchises such as The Evil Within and Ghostwire: Tokyo. Krafton has been contacted for further information. The acquisition is not expected to affect the availability of Tango Gameworks’ current game catalogue. Also read: Share trading fraud: Software engineer added to social media groups, duped of Rs. 91 lakh Krafton plans to help Tango Gameworks continue creating new content, which could include a potential Nintendo Switch port of Hi-Fi Rush or possible sequels. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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