Commodore acquired for a 'low seven figure' price – CEO from retro community

Summary

YouTube’s Christian ‘Peri Fratic’ Simpson claims to be “the acting CEO of Commodore Corporation.” The surprise Commodore buyout deal hinted at three weeks prior, seems to have been put into motion. In a new episode on the rebranded Retro Recipes x Commodore channel, Peri Fratic provides details of the seven-figure deal, outlines his vision for the company, and lists a growing number of ex-Commodore luminaries who will be joining him to relaunch the beloved brand. Last and definitely not least, the video ends in a signature tease – this time it’s a tease for new hardware. Wait… Who’s the New CEO of Commodore?! • Let's Buy Commodore Part 2 - YouTube Watch On Finance still not certainConcerning the deal, a key point from the above video is that Peri Fratic “signed a share purchase agreement” with the previous owners of Commodore Corporation. It has been agreed that a price “in the low seven figures” will be paid to seal the deal. That should mean the deal is worth somewhere between $1m and $5m.(Image credit: Peri Fractic on YouTube)Apparently many backers of this project, including Peri Fratic, have already put in lots of cash to make this buyout happen, taking out second mortgages, selling the family silver, etc. However, the search is still on for angel investors to launch the new ship. Lots of details and discussion about funding are provided, but left us wondering what would happen if not enough suitable investors come forward, and what kind of timescale needs to be adhered to, to finalize the contract?Some big names from Commodore’s history sign upWith this agreement in place, the new Commodore has already got a new slogan. It will go forward with its ‘Retro Futurism’ plans, “honoring our past, innovating the future.” Furthermore, Perifrantic has been busy appointing (acting) CEO, CFO, COO, and many more key positions – many of whom honor the past.Some big names that will play a part in the new future Commodore include, in order of mention: Bill Herd (Commodore Pi...