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| Subject: Atlus parent company Index to begin selling operations Fri Jul 19, 2013 2:14 am | |
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- Last month we learned that Atlus parent company Index Corporation was in a fiscal mess due to a debt of 2.45 billion yen and fraud investigations and had entered "civil rehabilitation proceedings," akin to American bankruptc.
According to Bloomberg, with some help in translation from Mad Man's Cafe, it seems Index will begin selling off its subsidiary operations. Bidding could start as early as next week and finish as quickly as September. As we guessed last month, it seems Index wants to get things done before any of its operations devalue amidst the turmoil -- production could be impacted, employees could jump ship, etc. Settlements could reach as high as 15 billion yen, according to experts.
Index stock will be delisted on July 28. Atlus Japan recently issued a statement on its website noting, "the development and sales of the Atlus brand as well as the consumer business will continue." It also confirmed that regularly planned releases of various upcoming titles, like Dragon's Crown, would be unaffected by the proceedings. Even next month's Persona music festival in Japan is going as planned. Hopefully things keep moving smoothly.
Index corp. selling off its businesses [Mad Man's Cafe, Bloomberg] Source: http://www.destructoid.com/atlus-parent-company-index-to-begin-selling-operations-258364.phtml Hold me. | |
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Angelus The Red Dragon
Stature : 342 Canada Playing : Dragon Quest XI, Final Fantasy VII Watching : Darksydephil
| Subject: Re: Atlus parent company Index to begin selling operations Sat Jul 20, 2013 12:33 pm | |
| This sounds like a good idea. Index has a better head than many other companies. | |
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| Subject: Re: Atlus parent company Index to begin selling operations Sat Jul 20, 2013 1:44 pm | |
| OH GOD OH GOD OH GOD OH GOD OH GOD OH GOD OH GOD OH GOD OH GOD OH GOD OH GOD OH GOD |
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Guest Guest
| Subject: Re: Atlus parent company Index to begin selling operations Fri Jul 26, 2013 8:55 pm | |
| BUMP THREE DAYS LEFT UNTIL THE ATLUS AUCTION THREEEEEEEEEEEEE DAYYYYYYYYYYYYYYS |
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| Subject: Re: Atlus parent company Index to begin selling operations | |
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