By Milana Vinn and Anirban Sen NEW YORK (Reuters) - Private equity firm Symphony Technology Group (STG) is nearing a deal to acquire media editing sof.
NEW YORK :Private equity firm Symphony Technology Group (STG) on Wednesday agreed to buy media editing software maker Avid Technology Inc for about $1.4 billion, including debt. As part of the deal, Avid shareholders will receive $27.05 per share in cash, the company said in a statement, confirming an earlie