Dutch PC manufacturer, Tulip, is set to acquire Commodore, in an effort to become one of Europe's top ten computer makers. Commodore has had a chequered history since its heyday as a home computer maker in the 1980s. The company suffered financially in the early 1990s, and was bought by German PC firm, Escom, in 1995. As Escom underwent its own troubles, culminating in bankruptcy, Commodore had a management buyout in July 1996 and set up as an independent company in Holland. Tulip has not revealed how much it will pay for Commodore. The company has pledged to retain the Commodore brand.
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