The lights are on
Update: Sega has issued a press release confirming the acquisition of Index Corporation. The document cites three reasons that the acquisition is a good fit for Sega, who has suffered financial hardships and layoffs as recently as April. Things started turning around after the House of Sonic purchased Relic from THQ at auction, with Company of Heroes 2 selling 380,000 copies in under a week.
The press release cites Atlus' IPs as a primary driver of interest in Index, with those franchises as good fits for continued distribution for home consoles, adaptation for mobile devices, and even application in Sega's pachinko operation. For the full press release, click here.
Weeks ago we reported that Atlus was on the auction block after the financial and legal troubles plaguing its parent, Index Corporation. Reports are coming in now that Sega Sammy will be acquiring the entirety of Index Corporation, though details on how that will impact the business aren't yet available.
The news comes by way of Gematsu, who translated the news from Japanese site Nikkei. Sega Sammy has issued a brief press release stating that the acquisition is not something they have announced. Index Corporation voluntarily put itself into a form of bankruptcy known as "rehabilitation." At the time this was reported in June, Index was in approximately ¥24.5 billion debt ($249 million).
According to Gematsu's translation, the deal is apparently worth ¥14 billion ($141.1 million) and will close in November. We reached out to Atlus USA who declined to comment at this time.
[Source: Nikkei, Sega (both in Japanese), via Gematsu]
Our TakeThis news isn't a surprise given the results of preliminary bidding we reported on weeks ago. The question is what this means for the future of Atlus and it's incredibly important arm here in the United States.
Atlus USA is responsible for developing, localizing and/or publishing some of the most unique and interesting Japanese titles like the Shin Megami Tensei franchise, Etrian Odyssey series, and standalone titles like Dragons Crown and Catherine. The best possible scenario is that the new owner allows that to happen just as it always has.
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As long as Sega lets Atlus keep doing what they do best, I'm happy. Hey, with any luck Sega will turn over some of its RPG franchises to Atlus so they can work on them.
As long as I still get Shin Megami Tensai X Fire Emblem.
I'm not entirely convinced that this is a good thing. Hopefully Sega just allows Atlus to keep doing what they do...
Im glad it wasnt nintendo.
Well this is a little bit of a bright spot. I hope the new Sonic game generates a lot of money for SEGA. It'd be nice to see them reach deep into the 16-bit glory days to revive some great classics in modern form.