KRAFTON, the publisher of PUBG: Battlegrounds and Mistover, have announced they have acquired Tango Gameworks and their game Hi-Fi-RUSH.

This news comes several months after Microsoft shuttered Tango Gameworks along with several of their acquired studios. KRAFTON will not only be taking ownership of the studio, but will be taking on all of Tango Gameworks’ existing staff, and will work with the former owners to ensure “a smooth transition and maintain continuity” so that the team can “continue developing the Hi-Fi RUSH IP and explore future projects”.

KRAFTON, Inc. today welcomed the talented people of Tango Gameworks to their team, marking a exciting moment in the company’s global expansion and its first significant investment in the Japanese video game market. This strategic move will include the rights to Tango Gameworks’ acclaimed IP, Hi-Fi RUSH.

As part of this strategic agreement, KRAFTON intends to collaborate with Xbox and ZeniMax to ensure a smooth transition and maintain continuity at Tango Gameworks, allowing the talented team to continue developing the Hi-Fi RUSH IP and explore future projects. KRAFTON intends to support the Tango Gameworks team to continue its commitment to innovation and delivering fresh and exciting experiences for fans. 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.

This surprising announcement will likely please many fans who were disappointed by the studio’s closure, as well as rekindle hopes about the ill-fated Switch port of Hi-Fi RUSH. That said, KRAFTON or Tango Gameworks have yet to share any indication that work on the port will be resumed. We will be sure to report back with more as it comes.

What do you think? Let us know in the comments.