July 30, 1996: Atari, JTS Merger Approved
0730, 5 million, aggregator, Atari, checks, day in tech history, Geek, hasbro, iTunes, jts, lisa project, merger, million, million dollars, Podcast, powerpc alliance, RSS, severance, stitcher, stockholders, technology history, time warner, transitions, twitter, WiMAX
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In a four minute meeting, the stockholders voted 42 million to 11 thousand in favor to the merge Atari and JTS in 1996. Because of the decision, Sam Tramiel picks up the severance checks, but agrees to stay in office while the company transitions. JTS held the Atari name until March 1998 when Hasbro bought the brand for 5 million dollars.
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