Come this November, Atlus and parent company Index Corporation will be living under Sega’s roof, courtesy of a ¥14 billion ($140 million) acquisition.
Sega’s acquisition of Atlus, for which the business transfer agreement concluded today, while the actual transfer will transpire on November 1 pending legal approval, follows Index Corporation’s bankruptcy filed on June 27. At the time, an Atlus president and CEO Naoto Hiraoka said that his company was “unaffected by the Index Corporation proceedings in Japan” and that Atlus was “carrying on day-to-day activities, business as usual.”
According to the business transfer agreement notice, Sega’s acquisition of Atlus will enable them to “gain access to prominent IPs in the home video game software, through which [Sega] can expect to achieve steady flows of revenue” and “expect further facilitation of revenue growth for the PC Online Game Business and Content Business for SMart Devices operated by SEGA and SEGA Networks Co., LTd. by exploiting acquired prominent IPs.”
Both companies are present at the Tokyo Game Show, which kicks off tomorrow and lasts through the weekend.