Following months of rumors that it was exploring a sale, Avid — 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 — has entered into an agreement to be acquired by an affiliate of private equity firm STG …
STG takes control of Avid broadbandtvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from broadbandtvnews.com Daily Mail and Mail on Sunday newspapers.
Avid® the leading technology provider that powers the media and entertainment industry, announced that it has entered into a definitive agreement to be acquired by an affiliate of STG in an all-cash transaction.
STG Buying Avid For $1 4 Billion tvnewscheck.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvnewscheck.com Daily Mail and Mail on Sunday newspapers.