Sega is one of twenty companies interested in buying out Atlus from Japanese parent company Index Holdings, according to a Blomberg Japan report (by way of CVG). Index Holdings purchased Atlus in 2006, but last month was forced to file for bankruptcy in the Tokyo District Court for over millions of dollars in debts it faced.
Founded in 1986, Atlus is best known for localizing popular Japanese franchise for America and Europe including the Persona series, Steambot Chronicles, Demon's Souls, Trauma Center, the first Disgaea game, and more.
Bloomberg Japan also claims that the highest bid so far for the company has been $203 million, though which one of those twenty companies placed that bid was not disclosed.
We will have more on this story as it develops.