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Sega, others show interest in acquiring subsidiaries at Atlus' parent company - report

News by Stephany Nunneley-Jackson News Editor

Published on Aug. 2, 2013

Bloomberg Japan is reporting that 20 or so companies, including Sega, are interesting in bidding on the various subsidiaries of Atlus' parent company, Index Corporation, is rumored to be selling off.

According to sources close to the situation, candidates will be picked as early as next week, and the business will be transferred by the end of August.

The report on Bloomberg stated the bid has gone as high as ¥20 billion yen ($201 million), which is ¥5 billion more than what Index estimated.

Back in June, Index Corp was investigated for financial mismanagement, and filed for Chapter 11 bankruptcy in June.

Around the same time, Atlus USA said it was “unaffected” by its parent company's difficulties.

You can read the Google translated report through the link.

Thanks, Gematsu.