Sega Bidding to Acquire Atlus

A latest report by Bloomberg reveals Sega to be one of 20 firms bidding for control of Japanese company Index Corp.

Index is the parent company of renowned Atlus, who previously has published and developed the Persona and Shin Megami Tensei franchises. Index’s total revenue is expected to be around $150 million and according to report, bids coming around $200 million have already been placed last week.

It’s now up to Index to decide by August as to which of those buyers will be given the green light.

Earlier in June, Index filed for civil rehabilitation for protection against bankruptcy. Once a new parent company is decided by the end of the month, debt holders and Index itself will be able to breath lightly.

The Persona and Shin Megami Tensei are one of the most prominent role-playing franchises around. Atlus has also been behind other developers, including Demon’s Souls by From Software and the recent Dragon’s Crown by Vanillaware.

Shortly after Index’s filing became known, Atlus assured fans that the auctioning and shifting in organization will in no way effect their focus on development.

“Currently, Index Digital Media and the Atlus brand are unaffected by the Index Corporation proceedings in Japan,” Atlus chief executive officer Naota Hiraoka said in a statement. “We’re carrying on day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon’s Crown are still releasing on July 16 and Aug. 6, respectively, and we’re licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support.”

As of last year Sega is catering to a small batch of franchises. Currently it’s working on the Sonic the Hedgehog, Total War, Football Manager, and Aliens franchises. If Sega is indeed successful in acquiring Atlus, then perhaps the next couple of years will see Sega increasing their workload.