After a fierce month of rumors that have turned out to be true, it looks like Sega Sammy Holdings will acquire Index Corporation, the parent company of Atlus, for $140 million. The acquisition will take place in November and according to Sega, the company expects to “achieve steady flows of revenue” through this acquisition of IPs.
Today marked the final conclusion of the business transfer agreement, with the transfer due to take place on November 1st if all goes well with approval of the court. Index Corporation was rumored to have nearly 20 companies interested in purchasing Atlus, with bids as high as $203 million. According to Bloomberg Japan, the bids for Atlus exceeded predictions by more than ¥5 billion.
Despite the bankruptcy proceedings and the subsequent acquisition by Sega, an Atlus representative has confirmed that all of its games are on target to hit their scheduled release dates.