February 13, 1996: Jugi Tandon Storage (JTS) Merged with Atari
0213, aggregator, apollo computer, Atari, atari corporation, bridge loan, chapter 7 bankruptcy, charles schultz, company sponsor, debts, filing chapter 7, filing chapter 7 bankruptcy, hasbro, historical events, iTunes, jts, merger, peanuts comic strip, RSS, rush limbaugh, steve jobs, steve jobs february, storage, THQ
0 Comments
Subscribe! Spotify | RSS | More
February 13, 1996: JTS merges with Atari[/caption]
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.
Subscribe to Day In Tech History:
RSS Feed - iTunes - Android - Spotify - iHeartRadio
Facebook -
- RSS Bandwidth by Cachefly Get a 14 Day Trial
- Join me on Patreon and support Day in Tech History
- 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
