February 13, 1996: Jugi Tandon Storage (JTS) Merged with Atari
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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.
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