After the revelation came about that popular Japanese game publisher, Atlus, and its parent company, Index Corp, were facing fraud allegations and had filed for bankruptcy, speculation began to fly about what would happen to the beloved game company. After just a few months, however, it looks like Sega Sammy Holdings has purchased Index Corp for 14 billion yen. The acquisition will happen in November, as reported by Japanese news site Nikkei, and will involve a restructuring of the company.
Additional details are scarce, but we’ll make sure to follow this story as it unfolds. No word what this means for Atlus USA.
To clarify (finally), Sega Sammy wants to revitalize Index's handheld and home console games division. Sega has been loosing money the last two quarters largely due to a downturn in the Western gaming market [according to the article, dunno if it's true].
Atlus, Index's gaming brand, has quite strong gaming franchises, like Shin Megami Tensei, and has been making a yearly profit recently. Sega Sammy would like to use the assets of Atlus productively, including the idea of them developing games for smartphones.
I used Google so I might be wrong, don't ban me lol
edit: For those too lazy to do that conversion it's about ~$140 million.
Originally Posted by Bloomberg
Sega Sammy Holdings Inc. (6460) won an auction to buy Index Corp., the bankrupt Japanese developer of handheld games, two people with knowledge of the matter said.
The acquisition may be valued at about 14 billion yen ($141 million), said one of the people, who asked not to be identified before an announcement scheduled for as early as today. Index’s bankruptcy advisers plan to complete a deal with Sega Corp., a unit of Sega Sammy, in early November, they said.