Sega Sammy confirms Index acquisition

Sega Sammy Holdings has confirmed reports of its aquisition of Atlus parent company Index Holdings.

A press release reads: “Notice is hereby given that Sega Dream Corporation, which was newly established as a wholly owned subsidiary by Sega Corporation (‘Sega’), a subsidiary of Sega Sammy Holdings Inc. (the ‘Company’), has concluded a business transfer agreement with Index Corporation (‘Index’) for the purpose of revitalization of the business. Under the agreement, Sega will take over the operations conducted by Index, the bankrupt company that applied to the Tokyo District Court for the commencement of civil rehabilitation proceedings effective from June 27, 2013.”

The purpose of the transfer, according to the press release, is Index’s “excellent track record in the design and development of content for mobile phones,” and “on the development of home video game software,” in which the company owns “a number of prominent IPs,” such as Shin Megami Tensei, Persona, and Etrian Odyssey.

The transfer agreement concluded today, and the due date for the transfer of Index Corporation to Sega Sammy Holdings is November 1.