acquisition

Under a cloud of studio closures and layoffs, there's a sliver of sunshine in the gaming business. After being closed by Microsoft in May, Hi-Fi Rush studio Tango Gameworks has been acquired by PUBG: Battlegrounds developer Krafton."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 wrote in a press release spotted by Polygon.Following its $7.5 billion purchase of ZeniMax in 2021, Microsoft shut down three of its studios, Arkane Austin, Tokyo-based Tango Gameworks and…