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Twenty years ago today, Atari ceased to exist as an independent private company: "On Tuesday, July 30, 1996, Atari Corporation hosts a special meeting of stockholders in the offices of Wilson Sonsini Goodrich & Rosati, P.C. in Palo Alto, California. The meeting, said to have taken about four to six minutes formally, was to vote on the merger between Atari Corporation and JTS Corporation ..."
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"... With an outcome of approximately 42 million votes in favor and about 11,000 against, the stockholders ratify the decision. Trading of ATC shares are halted at the end of the day. Upon the conclusion of the meeting, Mr. Sam Tramiel arranges to pick up the severance checks for himself and his siblings. Mr. Jack Tramiel, former chief executive officer (CEO) of Atari Corporation, remains to assist with a smooth transition with the handful of Atari personnel that survive."
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