Atlus parent acquired by Sega for ¥14 billion – report

Japanese business reports suggest Sega Sammy Holdings has acquired Index Corporation, the parent company of Shin Megami Tensei developer Atlus.

A report published in Nikkei puts the value of the deal at ¥14 billion – about $141 million. The deal will be finalised in November.

According to Nikkei, Sega and Index have already begun preparing to transfer management of the latter company.

The details of the Japanese-language report have been corroborated by translations from Gematsu, Tiny Cartridge, Nintendo Everything and Kotaku.

Sega was listed as a potential buyer for Index Corp last month.

Atlus is best known in the west for the Persona series, but the Shin Megami Tensei franchise of which it is a part is a much larger property. As a developer, it’s also responsible for the Etrian Odyssey series, and it published many and varied titles in Japan. Its US publishing arm was also responsible for a number of western-developed games in addition to localisations like Demon’s Souls.

There are multiple Persona games in the works and it’s not clear how the acquisition would affect Atlus’s operations, although the US arm said it expects to continue business as usual for now.

Index Corp has a broad range of media interests beyond Atlus but ran into accounting trouble on top of poor financials, eventually flirting with bankruptcy.