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Krafton Inc. acquires Tango Gameworks to enter Japanese market and gain rights to Hi-Fi Rush IP

Aug 12, 2024

Acquiring Company

Krafton

Acquired Company

Tango Gameworks

GangnamTokyoVideoGamingVideo GamesGaming

Description

Krafton Inc., the publisher of PlayerUnknown’s Battlegrounds, has successfully acquired Tango Gameworks and the IP to the quirky rhythm game Hi-Fi Rush. This acquisition marks Krafton's strategic move into the Japanese video game market, enhancing its global expansion and investment in innovative game development.

Quick answer

Krafton is acquiring Tango Gameworks, announced August 12, 2024. Krafton is based in Gangnam, Seoul, South Korea.

How much did Krafton pay for Tango Gameworks?
The deal value was not disclosed.
What does Krafton do?
Krafton Inc. is a South Korea-based video game publisher known for its original battle royale game PlayerUnknown’s Battlegrounds.
Where are Krafton and Tango Gameworks based?
Krafton is based in Gangnam, Seoul, South Korea. Tango Gameworks is based in Tokyo, Tokyo, Japan.
Who are the decision-makers at Krafton?
Fundz holds 3 contacts at Krafton. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Krafton

Location

Gangnam, Seoul, South Korea

About

Krafton Inc. is a South Korea-based video game publisher known for its original battle royale game PlayerUnknown’s Battlegrounds. The company has recently celebrated its first foray into the Japanese market with the acquisition of Tango Gameworks and the IP to Tango’s quirky rhythm game Hi-Fi Rush.

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Frequently asked

Who acquired Tango Gameworks?

Tango Gameworks was acquired by Krafton, based in Gangnam. The deal was reported on August 12, 2024. Krafton Inc. is a South Korea-based video game publisher known for its original battle royale game PlayerUnknown’s Battlegrounds. Krafton is privately held and operates in Video.

When did Krafton acquire Tango Gameworks?

Krafton's acquisition of Tango Gameworks was reported on August 12, 2024. Krafton Inc., the publisher of PlayerUnknown’s Battlegrounds, has successfully acquired Tango Gameworks and the IP to the quirky rhythm game Hi-Fi Rush. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Tango Gameworks do?

Tango Gameworks is a Japanese game development studio established in 2010 by Resident Evil director Shinji Mikami. It is privately held, operating in Gaming, and is based in Tokyo.

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