Sega was confirmed today to be the winning bidder for Index Corporation's operations, which have been on the auctioning block after the company was forced to undergo bankruptcy proceedings back in June following a fraud investigation that uncovered their massive debt. The deal is expected to be valued at some 14 billion yen ($141.6 million USD).
The publisher has established a new subsidiary, tentatively titled Sega Dream Corporation, to better manage Index's operations which as you may know include Atlus. Indeed, as a result of the acquisition Sega now has access to Atlus' IP including the storied Shin Megami Tensei and Persona franchises. This puts Sega in a position where they can leverage these franchises. For their part, Sega is naturally counting on the expanded portfolio of IPs to better expand their revenue.
Sega's acquisition of Index is expected to be complete by November 1st, 2013.