February 13, 1996: Jugi Tandon Storage (JTS) Merged with Atari
1996 – Atari Corporation announces the merger with Jugi Tandon Storage (JTS). Atari extended a bridge loan of $25 Million so JTS can still build drives. The company would still be known as JTS, but Atari would own 60% of the company.While Atari was sold to Hasbro via THQ, JTS could not emerge from the debts. They ended up filing Chapter 7 bankruptcy on Feb 28, 1999.
Wikazine – Full show notes for February 13
- The Last Peanuts Comic Strip is released one day after Creator Charles Schultz passes
- Apollo Computer is formed
- Rush Limbaugh gets service call from Steve Jobs