Jul 19, 2013

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Index Corporation to Begin Selling Operations Next Week

Index Corporation to Begin Selling Operations Next Week

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Looks like Index Corporation, Atlus’s parent company, are beginning to sell off its operations after confirming that they were filing for civil rehabilitation proceedings last month, according to reports from Japanese business media sources.

An article released by Bloomberg Japan reported that bidding for the company’s different assets and operations could start as early as next week, and could all be completed by as early as September. The report also states that settlements could reach as high as 15 billion yen; that is almost 150 million dollars, a pretty high number.

Gamers are most interested in this news because Index is the parent company of Atlus, a Japanese developer that are very well known for some awesome series, including the Persona games and the recently released Shin Megami Tensei IV. It was announced last month that Index had over 2.45 Billion Yen worth of debt to clear up, as well as fraud investigations that the company is linked to. Atlus are continuing to operate, with Dragon’s Crown launching on August 6th, and the Persona Music Festival still taking place in Japan next month.

Speculation as to who would purchase Atlus have run the gambit, with many looking to companies like NIS or Nintendo to scoop Atlus up, with many gamers worried about the future of their favorite developer/publisher. We’ll know more in a few months, so stay tuned to Vivid Gamer for details on Atlus’s future.

[Source: Destructoid]