PUBG Owner Krafton Acquires The Ascent Developer Neon Giant to Diversify Portfolio

Neon Giant, the firm that developed The Ascent, has been bought by Krafton, the South Korean video game holding company responsible for PUBG: Battlegrounds.

The news was revealed in Krafton’s preliminary financial report for the third quarter (disclosed by GamesIndustry. biz), which concurrently verified Neon Giant’s purchase move as well as Neon Giant’s next project. The announcement was made as part of the report. The business has declared its intention to buy Neon Giant (The Ascent), a Swedish development studio working on an open-world first-person shooter game. Neither Krafton nor Neon Giant provided information on the selling price or the anticipated completion date. There were no specifics provided on the shooter that Neon Giant is creating.

A shot from The Ascent. | Image: Krafton

Released in July 2021 as an Xbox and Game Pass exclusive, The Ascent immediately grew in popularity. With the ability to equip their character with cyberware and improve their skills and powers, gamers may supplement their twin-stick shooting character with RPG aspects. The term “The Ascent” refers to the formidable megacorporation that rules the arcology, which players must conquer to prevent other factions or companies from gaining complete control of the town.

As part of its worldwide growth, Krafton has also declared its intentions to establish a presence in Canada by opening an office there. The company will be in charge of developing a role-playing game (RPG) in the vein of The Witcher that is based on The Bird That Drinks Tears, a series of Korean fantasy books. In addition, Krafton is developing several other video games, the most notable of which are the looter shooter Project Black Budget, the multiplayer shooter Project Roam, and the next installment in the Subnautica series.

As soon as we have more information, we will be sure to share it with you regarding Neon Giant and its upcoming projects.

Muhammad Zuhair
Passionate about technology and gaming content, Zuhair focuses on analysing information and then presenting it to the audience.
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