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From: wetcw@pyuxa.UUCP (T C Wheeler)
Newsgroups: net.micro.atari
Subject: Atari Sold to Tramiel
Message-ID: <866@pyuxa.UUCP>
Date: Tue, 3-Jul-84 13:38:36 EDT
Article-I.D.: pyuxa.866
Posted: Tue Jul  3 13:38:36 1984
Date-Received: Wed, 4-Jul-84 04:26:58 EDT
Organization: Bell Communications Research, Piscataway N.J.
Lines: 13


Atari was NOT sold to Commodore, but to the Ex-Commodore chief,
Jack Tramiel.  Tramiel bought 75% of the Atari operation, not
including the coin-operated game assets or AtariTel.  They
plunked down $75 million plus $140 million in senior debt and
$100 million in subordinate debts to Warner Communications.
Warner had bought Atari for $28 million back in '76.  I hope
Tramiel can make a go of it.  That's a lot of chickenfeed
they owe Atari.  
T. C. Wheeler