Day in Tech History

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

Play
Share!

Share this Podcast

Day in Tech History

Jeffrey Powers

Madison, WI

Description: For the Tech History Geek in all of us

Now Playing

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

Play Download media

February 13, 1996: JTS merges 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

[dithsponsor]