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On August 11, 2024, Krafton announced their purchase of Tango Gameworks and the intellectual property rights to Hi-Fi Rush from Microsoft Gaming following the studio's closure earlier that June. The development studio acts as Krafton's first video game subsidiary based in Japan, with the rights to previous Tango games remaining with Microsoft ...
Tango Gameworks Inc. is a Japanese video game developer based in Tokyo. Founded in March 2010 by Shinji Mikami , previously of Capcom , the company was acquired by ZeniMax Media in October that year after suffering financial issues.
However, Tango Gameworks was acquired by Krafton in August 2024, retaining about half of its developers and the Hi-Fi Rush property. [100] And on September 12, 2024, Microsoft Gaming CEO Phil Spencer announced that an additional 650 support and corporate roles would be eliminated. [101]
Microsoft’s Xbox will shut down three studios run by its Bethesda Softworks publisher, including Arkane Austin, Alpha Dog Studios and Tango Gameworks. Additionally, it will be shifting the team ...
Tango Gameworks in Shibaura, Tokyo - closed in June 2024 [51] and sold to Krafton in August 2024. [ 52 ] [ 13 ] Toys for Bob in Novato, California - spun off from Activision in February 2024.
[127] In a statement attributed to news outlet Windows Central, a Microsoft spokesperson said "We're working with Krafton to enable the team at Tango Gameworks to continue to build games together and we look forward to playing their next great game. There will be no impact to the existing catalog of Tango games."
The US doesn't run a surplus like most sovereign wealth funds. But Trump's order refers to trillions in existing assets.
Tango Gameworks in Tokyo, Japan; acquired in October 2010, sold to Krafton in 2024. [52] [68] [63] Vir2L Studios in Washington, D.C., US; acquired in 1999, closed in 2010. XL Translab in Washington, D.C., US; acquired in 1997 by and moved to Bethesda Softworks. [69] Visionary Design Technologies [70] [71]