SEGA acquires ATLUS' parent company.
Sega has just recently acquired the parent company of my favourite JRPG developer, ATLUS. I'm just addicted to their Nintendo series of Shin Megami Tensei games.
Earlier this summer, Index Corporation, the company that owns Persona and Shin Megami Tensei makers Atlus, filed for bankruptcy in Japan, in the wake of an outstanding debt of 2.45 billion yen. Since then, there have been around 20 companies that have expressed interest in bidding for Index Holdings, which recently concluded with Sega Sammy standing on top. According to Japanese publication Nikkei, Sega will be acquiring the management of Index’s gaming business through the purchase of 14 billion yen, or roughly $141 million US dollars, which will be happening by November of this year. Afterwards, Sega Sammy will be taking over the management from Index, and will push forward to rebuilding it as part of their gaming business. While Atlus will now be under Sega Sammy’s business management, their plans to release upcoming games such as Etrian Odyssey Untold: Millennium Girl in North America, will not be affected. So it'll be business as usual.
link via siliconera
