This Day in History: May 4
May 4, 1995
Commodore Bought by German Company
German electronics company Escom AG paid $10 million for the rights to the name, patents and intellectual property of Commodore Electronics Ltd. A pioneer in the personal computer industry, Commodore halted production in 1994 and declared bankruptcy. Escom AG planned to resume production of Commodore personal computers, including its most recent model, the Amiga. The company later sold its Amiga rights.