The truth is that while the Commodore name and Amiga brand are still strong, the company are in negative equity - they owe more than the sum ol their assets. And. After months of rumour and conjecture, Commodore are about to bought out by another company. "We've narrowed tfte field savs Pioudfoot. "and there’s one particular investor who is extremely interested and who is going through the process of due diligence." This means that the buyer is evaluating yy'hat the company is worth anti examining the various sections of the company before putting in .1 bid. AMIGA LIVES ON "It is my understanding that the investor is interested in the operating units very much as they are at the moment, for a route to market for the Amiga product." He continues. “So. They're looking at each individual operating unit in terms of yvhat the market potential is. What tile business can do. Evaluation of personnel. And so on." I bis explains the voluntary liquidation: CF.l. and Cll. Are now under the jurisdiction of the Bahamian court and are protected against legal action by any of their creditors. This gives Commodore some much- needed stability during the few weeks that the negotiations will take, and allows operating units such as Commodore I'K to continue as normal until the deal is finalised. “ There should be no impact in the (JK marketplace... The brand is too strong to die: we're confident that Commodore and the Amiga will come out of this a better, stronger company ** Colin Proudfoot joint MD of Commodore UK.
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