Sega confirms that it has taken over Atlus' parent company

Sega today announced that it has taken over the operations of Index Corporation, the Japanese company that owns video game developer and publisher Atlus. Index filed for Civil Rehabilitation back in June, the Japanese equivalent of the Bankruptcy procedure, after suffering heavy debts. Now Sega has acquired Index, along with Atlus, and has formed a new subsidiary to take over operations of the company, called Sega Dream Corporation (although Sega notes that this name "is set to change in the future.") As part of the move, Sega now has access to such notable video games IPs as the Megami Tensei series, the Persona franchise, and the Etrian Obyssey franchise. Sega is hoping that this acquisition will offer numerous benefits for the company, providing it with big Japanese IPs that can be used to inject a steady flow of revenue. The deal is set to be completed by November 1, 2013. The company did not state how much it has paid for Index, although a report from Bloomberg suggests somewhere in the region of $141 million.