KRAFTON, the South Korean video game holding company responsible for PUBG, recently announced it had acquired video game developer Neon Giant. KRAFTON later confirmed this acquisition in an earnings report that was released on November 11th. At this time, details surrounding the acquisition are scarce, so we still don’t know what the price tag was for the deal.
This acquisition will mark KRAFTON’s ninth subsidiary studio. Some of the other organizations under the KRAFTON umbrella include PUBG Studios, Striking Distance Studios, and Unknown Worlds Entertainment, to name a few.
KRAFTON also announced its first plans for Neon Giant in the same earnings report. The Swedish studio is currently working on an open-world first-person shooter video game.
Launched in April 2018, Neon Giant is an Uppsala-based video game developer. The company’s first game, The Ascent, was released in 2021 on Xboxes, PlayStations, and Windows computers.