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