Krafton Acquires North American Game Studio Eleventh Hour Games

Acquisition Worth KRW 132.4 Billion... Securing "Last Epoch" IP

Krafton is accelerating its franchise expansion by acquiring Eleventh Hour Games, a North American developer specializing in action role-playing games (RPGs).

On July 25, Krafton announced that it would acquire 100% of Eleventh Hour Games' shares for approximately $95.97 million (about KRW 132.4 billion). Through this acquisition, Krafton will secure the intellectual property (IP) rights to the action RPG "Last Epoch," which has achieved cumulative global sales of 3 million copies.

Founded in 2018, Eleventh Hour Games is a studio formed by developers united around the action RPG genre. "Last Epoch," officially released this year, has recently emerged as a hit title, showing a steep rise in concurrent users and player activity metrics following a major update.

With this acquisition, Krafton plans to comprehensively support the long-term growth strategy of the "Last Epoch" franchise, including expansion to console platforms and the operation of seasonal content. The company aims to maximize Eleventh Hour Games' development capabilities by leveraging Krafton's infrastructure, global publishing, and live service expertise. The existing management-led operating system will remain in place after the acquisition.

Judd Cobler, CEO of Eleventh Hour Games, stated, "We expect the Last Epoch franchise to make a new leap forward with Krafton's long-term growth strategy and support."

Park Hyeri, Head of Corporate Development at Krafton, said, "Eleventh Hour Games has built a fan base based on a deep understanding of the action RPG genre and a community-driven development philosophy. Through this acquisition, Krafton plans to diversify its genres and lay the foundation for further franchise expansion."