Hi-Fi Rush developer Tango Gameworks has been spared closure, three months after Microsoft announced plans to shut down the studio. Krafton, the South Korean publisher behind PUBG: Battlegrounds and The Callisto Protocol, announced on Monday that it had acquired the game and its Japanese studio, and is working with Xbox to enable a “smooth transition” to ensure the Tango Gameworks team can “continue developing the Hi-Fi Rush IP and explore future projects.”

The value of the deal has not been disclosed. Hi-Fi Rush was the only Tango IP mentioned in Krafton’s announcement, so it’s unclear if Microsoft is relinquishing the rights to the studio’s other franchises like The Evil Within and Ghostwire: Tokyo. We have reached out to Krafton for clarification. The PUBG owner says the acquisition won’t impact the availability of Tango Gameworks’ existing game catalog.