SEGA acquires Atlus parent company, Index Corporation
- Posted September 18th, 2013 at 12:01 EDT by Matt Fernandez
The bidding war for the ownership of Index Corporation is now over and SEGA looks to have come out the victor.
Index Corporation is the parent company to Atlus, and earlier this year was forced to declare bankruptcy upon being investigated for fraud, thus beginning the great bidding war of 2013.
The deal SEGA worked out with Index is to be completed by November 1 of this year. Not much is known about the price SEGA paid for Index, but a report from Bloomberg states that it was probably around $141 million. Upon completion of the deal, Index and Atlus will fall under the control of the newly established SEGA Subsidiary, called SEGA Dream Corporation. The title of the new subsidiary is set to change in the future according to the industry giant.
The company is hopeful that the acquisition of Index and Atlus will boost its revenue. We here at PSU think it will, because once SEGA and Index finish dotting the i's and crossing the t's, the incredible amount of content that Atlus has brought to the video game industry will be under SEGA's control. This includes powerhouse video game franchises such as Persona and Shin Megami Tensei, just to name a few.
How do you feel about SEGA purchasing Index and Atlus? Are you surprised by who won the bidding war? Let us know in the comments section below.