Krafton acquires Neon Giant, developer of The Ascent

Neon Giant, the Swedish developer of ARPG The Ascent, is the latest acquisition from PUBG: Battlegrounds parent company Krafton.

The Ascent programmer Neon Giant has been acquired by the PUBG: Battlegrounds company Krafton. Krafton has eight other subsidiary studios, including not only PUBG Studios but also The Callisto Protocol developer Striking Distance Studios and Subnautica studio Unknown Worlds Entertainment. Krafton has been on an acquisition spree since 2021 and doesn’t seem to be slowing down. The Neon Giant is just the latest to be picked up by the South Korean giant.

Neon Giant was founded in 2018 by a team of industry veterans with past experience sphere, Wolfensteinand Fate. Based in Sweden, the studio used a major investment from Amplifier Game Invest followed by a grant from Epic Games to make a project with Unreal Engine 4. It took three years to create The Ascent with a team of just eleven, an impressive feat given the scale The Ascent. Sales of The Ascent are unclear, but publisher Curve Digital is calling its launch a success.


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The confirmation of the acquisition was shared as part of Krafton’s latest earnings report released on Friday. Further details of the acquisition have not yet been disclosed, so there is no word on how much Krafton paid or how much property Krafton bought. The acquisition has not even been mentioned by Neon Giant itself, which makes the situation somewhat strange. Maybe Neon Giant is hard at work on his next project.

the climb screenshot

As for Neon Giant’s next project, Krafton gave some insight into what the team is working on. Krafton says Neon Giant is working on an open-world first-person shooter. Considering The Ascent is an isometric ARPG more like Diablo from Far Cry, this is a significant change in direction for the company. Given the experience of Neon Giant’s team, though, maybe that was the plan all along.

The much larger scope of Neon Giant’s next project, based on its genre alone, could explain the Krafton acquisition. Neon Giant may have sought funding to grow its development team and fund continued growth, only for the best offer to be for Krafton to acquire the company. Krafton’s support will likely allow Neon Giant to make a game as big as it wants.

Some may worry that Krafton’s acquisition of Neon Giant will have negative consequences, and that is not unfair. Krafton has disbanded or closed several teams over the past decade, including publishing arm En Masse Entertainment and multiple mobile game development studios. It’s possible that Neon Giant sold the company out of desperation, but that’s obviously the worst case scenario. Fans should be patient and eagerly await its announcement Neon Giantthe next game for an indication of his future.

MORE: Ascent Dev Talks How It’s Different From Most Other Looter Shooters and ARPGs

Source: VGC

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