An affiliate of private equity firm STG has completed the acquisition of Avid Technology — the maker of the Media Composer editing system and Pro Tools audio postproduction system, both leading tools used in Hollywood for picture editing and sound, respectively — in an all-cash transaction valued at approximately $1.4 billion. Under the terms of the agreement, Avid stockholders will receive $27.05 per share, and Avid will once again operate as a privately-held company and remain headquartered in Burlington, Massachusetts. “By becoming a private company, we believe Avid will be able to achieve the speed of innovation, scale and performance required for us to continue leading the indus
Hence then, the article about private equity firm stg completes acquisition of avid for 1 4b was published today ( ) and is available onTOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Private Equity Firm STG Completes Acquisition of Avid for $1.4B )