|(company)||Commodore Business Machines - (CBM) Makers of the PET, Commodore 64,
Commodore 16, Commodore 128, and Amiga personal computers. Their logo is a chicken head.|
On 29 April 1994, Commodore International announced that it had been unable to renegotiate terms of outstanding loans and was closing down the business. Commodore US was expected to go into liquidation. Commodore US, France, Spain, and Belgium were liquidated for various reasons. The names Commodore and Amiga were maintained after the liquidation.
On 1995-04-21 CBM was bought by Escom AG, a German company and production of the Amiga resumed. Production of the 8-bit range alledgedly never stopped during the time in liquidation because a Chinese company were producing the C64 in large numbers for the local market there.