After going bankrupt and being sold to Escom, which went bankrupt as well, Commodore was sold to Tulip Computers which has sold the brand to a dutch company called Yeahronimo. Yeahronimo is 'famous' as a sticker engineering company and puts its stickers on existing, brandless products.
At the moment
Commodore is targeting on mobile entertainment and sells Commodore branded (not developed nor produced) hardware and Commodore branded content. If they're going strong is not clear but as Yeahronimo it has done pretty well.