Bankrupt Game Developer Index Said to Start Auction Next Week

Index Corp., the bankrupt developer of handheld games for Nintendo Corp. and Sony Corp., plans to start an auction for a buyer as early as next week, two people with knowledge of the matter said.

The company will seek as much as 15 billion yen ($151 million) in a sale, which would exclude its 24.5 billion yen in debt, one of the people said, asking not to be identified as the information is private. Index is seeking to reach an agreement as soon as in September, the people said.