News has come in from Bloomberg's Japanese outfit that things have gone from . The company will begin selling off its operations next week.
This follows an announcement at the end of June that Index had filed for "rehabilitation" (a form of bankruptcy) due to debt amounting to 24.5 billion yen ($249 million). The bankruptcy came on the heels of an investigation for "round tripping," a mechanism in which sales numbers are inflated to defraud investors.
Index will be delisted from JASDAQ on July 28, and the company hopes to move quickly before its assets are devalued. The entire matter could be wrapped up as early as September. We have reached out to Atlus for comment.
- Game Informer
Seems like ATLUS is in a bit of a pickle, if only there was a TV they could jump into and wait for this to blow over (NOPE). The article continues with
I MEAN HOLY SHIT
I dont mind if Sony were to scoop them up at least i could play something on the only PS thing i have, the VITA. Who else would pick them up. Nintendo? I mean they take long ass dev cycles to churn out a game. Then they could have someone else besides t. LOTUS JOICE Locked in a basement, Ha, Ha, Ha. Square would desicrate their corpse, EA, ACtivision,Valve, Buy themselves out?, I'm just throwing out names, I DONT KNOW.