Update on Atlas Mother Company Index Corporation's Rehabilitation
Last week, we reported that Index Corporation, owner of the video game brand Atlus, will be going through a streamlined version of bankruptcy called “Rehabilitation.” Today, we’ve received a number of new updates as Index continues to move forward.
First and foremost, Index’s application for Rehabilitation has been accepted by the Tokyo district court. The court has given the holdings company four months to carry out the proceedings, which will include searching for a sponsor for business transfers. Investment firm GCA Savvian has been appointed as the financial adviser for the search.
So far, a number of names have been thrown out as potential sponsors. Engadget Japan believes that it could come down to publishers Sega, Marvelous AQL, and GungHo, as well as social gaming companies GREE and DeNA. Remember, nothing has been confirmed; this is just speculation.
via (Japan) Update on Index Corporation's Rehabilitation - oprainfall.