The story
Originally headed by Masahiro Akishino, Wolf Team became independent from Telenet in 1987, was reintegrated in 1990 and got merged with another Telenet subsidiary called Lasersoft, then was completely absorbed in an internal restructuring at Telenet in 1993 at which point most of the staff left together with Akishino.
The remaining staff were the then-very-young programmer Yoshiharu Gotanda, designer Masaki Norimoto, director Joe Asanuma, graphic artist Yoshiaki Inagaki, sound composer Motoi Sakuraba, and sound effect designer Ryota Furuya. Wolf Team went on to create games such as Sol-Feace and Hiouden: Mamono-tachi tono Chikai, which faced weak sales. They were also notable for porting laserdisc video games to the Sega Mega-CD, including some Japan-only arcades like Time Gal and Ninja Hayate (released as Revenge of the Ninja for the Sega Mega-CD outside Japan).
For Tale Phantasia, a game concept by Gotanda, they looked for an outside publisher with a better reputation. After approaching Enix, Telenet struck a contract with Namco. Namco insisted on many changes to the game, including changing the title to Tales of Phantasia. The conflict over these changes pushed the game's release from 1994 into late 1995. Most of the initial staff left during this dispute and founded tri-Ace in early 1995.
To continue the lucrative arrangement with Namco to develop the Tales series, Telenet re-staffed Wolf Team and retained some other staff, such as Motoi Sakuraba on a freelance basis. Wolf Team dedicated itself to the series, developing or co-developing nearly every game. In 2003, Namco assumed majority ownership of the company and renamed it Namco Tales Studio.
At the time of its renaming Namco owned 60% of this venture, Telenet Japan/Kazuyuki Fukushima retained 34%, and Tales series director Eiji Kikuchi received 6%. (Kikuchi, who was the head of Telenet's game development department for 10 years, left Telenet to head the new team full-time.) Effective on April 1, 2006, the then-newly merged Bandai Namco Holdings bought the remaining shares from Telenet Japan, cutting the last link to the developers' former employer and increasing its stockholding majority to 94%. In October 2007, Telenet filed for bankruptcy and closed, putting an end to the Wolf Team name. Namco later acquired the remaining shares.
Namco Tales Studios remained the primary developer of the so-called "mothership" titles of the Tales series, with the exception of Tales of Legendia and Tales of Innocence. Legendia was developed by an internal Namco development team called Team Melfes; while Innocence was developed by an independent developer, Alfa System, which also developed various spinoff games in the Tales series.
In November 2011, it was announced that the current Tales Studio would be dissolved and would merge with their publisher, Namco Bandai Games. In February 2012, it was announced that the 80 people of the Tales team would join Bandai Namco Studios.
From Wikipedia’s article on Namco Tales Studio, shared under CC BY-SA 4.0.4