Commodore Business Machines
On 1994-04-29, 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.
After 1994, the rights to the Commodore name bounced across several European companies.
In 2004, Tulip sold the Commodore name to another Dutch firm, Yeahronimo, that eventually changed its name to Commodore International.
In April 2008 three creditors took the company to court demanding a bankruptcy ruling.
On 2010-03-17, Commodore USA announced that it was to release a new PC in June 2010 which looks very similar to the old Commodore 64 but comes with a Core 2 Duo, Core 2 Quad, Pentium D or Celeron D processor and with Ubuntu Linux or Windows 7 installed. PC World article.