The Atlus bankruptcy came to a head late in June, when Index Corporation declared bankruptcy in light of accounting fraud.
The single most likely bidder for Atlus in the Atlus bankruptcy case is Nintendo. As a matter of fact, I'd like to suggest that a Nintendo-led acquisition of Atlus may actually have been in the works for some time. That's because Nintendo has been working unusually closely with Atlus lately, treating them practically like an in-house studio. That may be because Atlus is about to become one.
Both commercially and critically, “Shin Megami Tensei IV” (Nintendo 3DS) appears to be a big hit for the video-game developer Atlus, which is offering a major crossover promotion with Fire Emblem. Nintendo doesn't offer deals like that with third parties.
Shin Megami Tensei X Fire Emblem is also in active development for Wii U, and they've talked lately about how closely Atlus has been working with Intelligent Systems, the Fire Emblem team.
Index owes money to quite a few partners involved in Atlus’ business, including Nintendo with 13,599 in thousands of yen.
