Krafton Acquires Eleventh Hour Games

Krafton has announced its decision to acquire Eleventh Hour Games, the creators of Last Epoch, for a figure approaching $100 million. The strategic acquisition aims to expand the global player base, strengthen live service capabilities and demonstrate commitment to the action RPG genre.

Krafton has acquired 100 percent of Eleventh Hour Games' (EHG) shares. The acquisition amount includes an initial consideration of $96 million. EHG was founded in 2018 by ARPG fans and players who first connected via Reddit. The company was established with the objective of creating the "next great Action RPG". In 2022, the studio obtained a low-equity investment from Tencent Games. In 2024, the studio officially launched Last Epoch, which has since sold over three million copies worldwide.

"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," the South Korean publisher stated. With 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 will provide EHG with the resources and infrastructure to better serve its community, grow the game, 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."

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