In 1984 Amiga Was The Only Good News
At the end of 1984 a small startup named Amiga Inc has developed some amazing technology but is near bankruptcy. Amiga took a one month, $1M loan from the new owner of Atari, Jack Tramiel. He tried to use the loan as a wedge to buy the company for $.98 per share. Just two days before Amiga had to pay back that loan, Commodore bought Amiga for $4.25/share. Amiga gave Commodore a new lease on life. Read our Commodore chronology including Amiga HERE.