Atlus: Sega, J Trust among bidders for ¥20 billion Index Corp buy – rumour

By Brenna Hillier, Monday, 12 August 2013 23:56 GMT

Atlus parent company Index Corporation may find a new owner sooner rather than later.

Citing anonymous sources, Bloomberg reports bidding for the bankrupt Index Corporation has topped out at ¥20 billion ($2 billion).

The sources said bidders include Sega Sammy Holdings, and a deal is expected to go through by the end of the month.

J Trust, a Japanese financial services firm, confirmed it has made a preliminary offer. CEO Nobuyoshi Fujisawa said the company plans to finance the acquisition through a record rights offering, and has up to $1.3 billion in cash to spend without relying on external financing.

“It’s a good idea to buy companies that do communication and application businesses for smartphones and tap their client bases to market our financial services,” Fujisawa said.

Atlus USA is continuing with business as usual while its international parent company struggles; it’s not clear how a buy-out would affect the publisher, or its Japanese sister company, which develops the Shin Megami Tensei series among other titles.

Thanks, Dragon246.

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