I don't really see any gaming companies bidding + 200 million.Yeah, I really hope this is the case.
Nintendo? Surely not. Nintendo sold 160,000 Wii U consoles in the second quarter.
Then let's think of another gaming giant Square Enix. Square Enix is another company that is not in a position to bid that amount of money because they too are losing money. Their stocks have been so bad in the recent years former CEO Yoichi Wada committed corporate seppuku due to how bad Square was doing. Square believed that if you put a ton of money on a project, that you will get more in return. Eidos made some fantastic games, but despite the games being good Square still lost money.
Western gaming companies doesn't care about jRPGS.
Not only that but let's say a gaming company does have $200m +/whatever the bid is now and end up buying Atlus, that'll be a huge chunk of their game development budget and that'll result to a rushed game(Xenogears) or an unfinished one. Then that leads to games doing poorly on the market and the company going down yatta yatta yatta.
I'm still going with a holding company winning the bid.