Page "Commodore International" Paragraph 18

Now it was left to the remaining Commodore management to salvage the company's fortunes and plan for the future.

It did so by buying a small startup company called Amiga Corporation in August 1984, for $ 25 million ($ 12. 8 million in cash & 550, 000 in common shares ) which became a subsidiary of Commodore, called Commodore-Amiga, Inc. Commodore brought this new 32-bit computer design ( initially codenamed " Lorraine ", later dubbed the Amiga 1000 ) to market in the fall of 1985 for US $ 1295.