Atlus parent company will auction off operations

Atlus' parent company Index will begin auctioning off its operations next week after filing for bankruptcy--or civil rehabilitation, in this case. Bloomberg Japan (via Game Informer) reports that Index is seeking 15 billion yen in revenue from the sale.

What this means for Atlus, the developer and publisher behind games like Shin Megami Tensei IV and Persona 4: Golden, will depend on who, if anyone, seeks to acquire it. Atlus was founded in 1986 and became a brand of Index Corporation in 2010.

Index's stock tanked when the Japanese government began investigating it for fraud. It will be de-listed from JASDAQ before the auctions begin.

The process could conclude as early as September. Atlus wrote on its Japanese website that development and sales of its products will continue uninterrupted throughout the procedures.

Connor Sheridan

I got a BA in journalism from Central Michigan University - though the best education I received there was from CM Life, its student-run newspaper. Long before that, I started pursuing my degree in video games by bugging my older brother to let me play Zelda on the Super Nintendo. I've previously been a news intern for GameSpot, a news writer for CVG, and now I'm a staff writer here at GamesRadar.