KRAFTON, Inc. today announced its decision to acquire the creators of the Last Epoch, Eleventh Hour Games (EHG).
Founded in 2018 by passionate ARPG fans and players who first connected via Reddit, EHG emerged from the community with a dream to craft the next great Action RPG. In 2024, the studio officially launched Last Epoch, which has since sold over 3 million copies worldwide. The game has gained a dedicated following, praised for its innovative systems, gameplay design, and commitment to refining the core elements that define the genre. Following its recent update, Last Epoch has delivered strong performance in player activation and concurrency metrics and is increasingly recognized as one of the most notable titles in the global Action RPG space.
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.
"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."
"We are thrilled to welcome Eleventh Hour Games into the KRAFTON family," said Maria Park, Head of Corporate Development at KRAFTON. "The team’s commitment to the ARPG community and innovative approach to game development resonated strongly with our values. Their rise from a grassroots studio to a globally renowned ARPG developer is nothing short of remarkable. We believe this acquisition lays the groundwork for diversifying KRAFTON’s genre portfolio and expanding distinctive franchise IPs. This acquisition also reaffirms our unwavering passion for great games and the teams that build them. We will always stand behind developers who put players first.”
KRAFTON acquired 100 percent of Eleventh Hour Games’ shares. The acquisition amount includes an initial consideration of USD 96 million.
Headquartered in South Korea, KRAFTON, Inc. is dedicated to discovering and publishing captivating games that offer fun and unique experiences. Established in 2007, KRAFTON is home to globally renowned developers that include PUBG STUDIOS, Striking Distance Studios, Unknown Worlds, VECTOR NORTH, Neon Giant, KRAFTON Montréal Studio, Bluehole Studio, RisingWings, 5minlab, Dreamotion, ReLU Games, Flyway Games, Tango Gameworks and inZOI Studio. Each studio strives to continuously take on new challenges and leverage innovative technologies. Their goal is to win over more fans by broadening KRAFTON's platforms and services.
KRAFTON is responsible for premier entertainment properties, including PUBG: BATTLEGROUNDS, PUBG MOBILE, inZOI, Subnautica, Hi-Fi Rush, Dinkum, and TERA. With a passionate and driven team across the globe, KRAFTON is a tech-forward company with world-class capabilities, continuously exploring new possibilities beyond gaming — including AI and other emerging technologies. For more information, visit www.krafton.com.