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Atlus parent company faces bankruptcy, game arm could be sold

News by Dave Cook Contributor

Published on June 27, 2013

Atlus' parent company Index has filed for civil rehabilitation proceedings as it faces bankruptcy. The troubled company may face restructure at the hands of creditors, which casts the game company's future into doubt.

According to this CNET report, Index owes debts of ¥24.5 billion / £160 million, and the company's president Ochiai Yoshimi has expressed a desire to resign.

The report suggests that Index's overseas acquisitions have failed to bear profits for the company, and the news places a large question mark over the future of Atlus and its work-in-progress titles, including Dragon's Crown for PS3 and Vita.

We'll update this story once we hear more.

Thanks NeoGAF.