According to a report from Bloomberg Japan, Sega Sammy Holdings is allegedly one of approximately 20 companies who are out to buy Index Corporation, parent company of Japanese developer and publisher, Atlus.

Bidding for the firm has reportedly reached 20 billion yen (approximated $203 million), 5 billion yen more than Index’s expectations of 15 billion yen. According to sources familiar to the situation, Index plans is to finalize potential candidates by the end of next week and have the business transferred by the end of August.

Index Corporation has been in financial turmoil for quite some time now and they filed for bankruptcy in June. Last month, TheParanoidGamer reported that Index Corporation is looking to auction off their assets in the hopes of reaching a settlement of 15 billion yen.

It was also in July when Atlus reassured fans that this incident have not disrupted their day to day operations. Since then, Atlus has released Dragon’s Crown and it will ship on time.

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