Founded in March 2010 by Shinji Mikami, previously of Capcom, the company was acquired by ZeniMax Media in October that year after suffering financial issues.

[4] On 1 March 2010, a 44-year-old Mikami and a team of twelve developers founded Tango in Odaiba, Tokyo, where he moved to from his previous office in Osaka.

In this game, Earth had become mostly uninhabitable and humankind moved to other planets, where one colony loses contact with the others and a research team is tasked with finding them.

[4] American video game publisher Bethesda Softworks stepped in to assist and had its parent company, ZeniMax Media, acquire the studio.

[8] Mikami agreed to the acquisition because he felt Bethesda and ZeniMax would provide the "most independent" development environment for Tango.

[5][7] In November 2010, composer Masafumi Takada (formerly of Grasshopper Manufacture), as well as artist Naoki Katakai and programmer Shinichiro Ishikawa (both formerly of Capcom), joined Tango.

[15][16] In June 2019, during Bethesda's press conference at E3 2019, Mikami and creative director Ikumi Nakamura announced Ghostwire: Tokyo, an action-adventure game with horror elements.

[21] At the Xbox and Bethesda Developer_Direct on 25 January 2023, Tango Gameworks announced Hi-Fi Rush, a rhythm-action game which then released later that day.

The deal had gone into effect on 1 August and that around 50 of the original 105 staff members would be brought back, with the rest of them reported to have already found employment elsewhere.

[27] It also confirmed that the acquisition would include the rights to Hi-Fi Rush, and that there were plans to "continue developing" the property and "explore future projects".