Sega buys owner of Persona developer Atlus

Sega has acquired bankrupted publisher Index Corporation, the owner of Persona and Shin Megami Tensei developer Atlus.

Announcing the deal, Sega said it will "gain access to prominent IPs" and "can expect to achieve steady flows of revenue."

Alongside developing games, Sega added that it would be able to maximise the value of its acquisition by "effectively deploying" its new IPs across its Pachislot and Pachinko Machines, Amusement Machine Sales, and Amusement Center Operations divisions.

Atlus was purchased by the Sega Dream Corporation, which the publisher established on September 5.

Bloomberg reported that the deal could be valued at ¥14 billion (approximately £88 million/$141 million)

Index declared bankruptcy at the end of June, with ¥24.5 billion yen of debt.

Sega's buyout of Index is expected to be concluded by November 1.