Troubled Escom to sell Amiga Technologies

Financially troubled German PC retailer Escom AG says it will sell its Amiga Technologies

GmbH subsidiary to Visual Information Services (VIScorp) of Chicago in a US$40 million transaction.

Escom acquired the Commodore and Amiga computer technology, patents, intellectual properties, and brand

names in April 1995 for US$10 million at a bankruptcy auction for Commodore International, which filed for

liquidation in 1994. Escom earlier this year itself reported losses of US$85 million for 1995, prompting founder

Manfred Schmitt to resign last month. Selling Amiga will allow Escom to better concentrate on its core

business of PC retailing, Escom said in a statement. VIScorp, which makes set-top boxes, will acquire the

Amiga and Commodore technology and intellectual property, but not the Commodore brand names, Escom

says.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments
[]