On February 13, 1996, Atari agreed to merge with JTS Inc., a short-lived maker of hard disk drives, in a reverse takeover to form JTS Corporation.[4][2] The reverse merger was completed on July 30, 1996.[1] Atari’s role in the new company largely became a holder for most of its properties. Most of Atari’s staff members were either dismissed or resigned, and its Atari Interactive division was quickly shut down,[27] with the remainder of its employees being relocated to JTS’s headquarters.[5][28] Consequently, the Atari name almost vanished from the consumer market.
On March 13, 1998, JTS Corporation sold the Atari name and assets to Hasbro Interactive for $5 million,[3] less than a fifth of what Warner Communications had paid 22 years earlier. The transaction primarily involved the brand and intellectual property rights, which Hasbro Interactive largely used as a brand name for retro game releases.[a][b]
On January 29, 2001, Hasbro Interactive was sold to Infogrames,[31] which renamed it Infogrames Interactive and then the Atari Interactive name in 2003. The present day Atari Interactive, through Atari SA, continues to hold and license all Atari trademarks as well as produce many new games, some based on Atari’s original properties, to this day.
This reads more like the panic of an addict who thinks they’re about to be cut off and less like a coherent take on the issue.
In reality, even if this passes the Senate, TikTok will be sold to a US-based holding company. Little will change for the end user. It isn’t going to shut down. And even if it did shut down (which it won’t ), this article really cheapens the meaning of “tragedy.”
The original company is not.
https://en.m.wikipedia.org/wiki/Atari_Corporation