Krafton buys Last Epoch studio, console port and long-term franchise development confirmed

Krafton has acquired another independent studio as it faces a lawsuit with ousted Subnautica 2 developers.

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South Korean games giant Krafton has expanded its pool of game studios with the acquisition of Eleventh Hour Games, the team behind the popular Last Epoch action RPG. Krafton notes that it spent $96 million acquiring 100% of the studio's shares.

The buyout will help fund new content for Last Epoch, as well as a fully-fledged console port. Krafton intends to make Last Epoch an enduring, evergreen franchise with long legs.

"Joining KRAFTON is a dream come true for Eleventh Hour Games," said Judd Cobler, CEO of Eleventh Hour Games.

"Their deep-rooted passion for ARPGs aligns perfectly with our mission. With KRAFTON's support, EHG is poised to elevate the Last Epoch franchise to even greater heights. As a studio built from players of the genre, we couldn't be more excited for its future."

This acquisition expands Krafton's talent stable up to 15 game development studios.

More details about the buyout are below:

Through this acquisition, KRAFTON aims to secure a competitive franchise IP in the Action RPG genre and further strengthen its position in the global market. The deal provides EHG with the resources and infrastructure to better serve its community, ensuring that Last Epoch continues to evolve and meet the expectations of its growing player base.

The acquisition will also enable EHG to scale development across console platforms and expand seasonal content pipelines, setting the stage for long-term franchise development. KRAFTON will support EHG's live service roadmap, team expansion, and international publishing, while allowing the studio to retain full leadership and creative autonomy.

Krafton's Studios

1. PUBG STUDIOS
2. Bluehole Studio
3. RisingWings
4. Striking Distance Studios
5. Dreamotion
6. Unknown Worlds
7. 5minlab
8. Neon Giant ⧉
9. KRAFTON Montréal Studio
10. ReLU Games
11. Flyway Games
12. Tango Gameworks
13. inZOI Studio
14. OVERDARE
15. Eleventh Hour Games