Today, we just learned that Sega will acquire Index Corporation, the parent company of Atlus, for ¥14 billion ($140 million) in November. It is expected that Atlus titles will be used by Sega to make money in the deal as a whole. Sega also speculated that Altus IPs will be expanded into online games, pachislot, pachinko, amusement machine segments. and smartphone titles.

Index Holdings filed for bankruptcy on June 27 and reportedly owes debts of ¥24.5 billion ($224 million).

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Joe Marchese is the founder / Editor in Chief of New Gamer Nation. He has been a gamer for his whole life but has been focusing on his passion to deliver the industry's new to New Gamer Nation. He is an expert of video game culture and has been featured on Fox News Online. Don't be shy to reach out and let him know what you think!