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Private equity firm STG to buy Avid Technology for $1.4 billion

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
United States Palo Alto John Wallace Rothschild Co Goldman Sachs Group Inc Sidley Austin

Exclusive-Private equity firm STG nears $1.4 billion deal for Avid Technology -sources

Avid Technology said on Wednesday it had agreed to go private in an all-cash deal with an affiliate of Symphony Technology Group (STG) that valued the media editing software company at about $1.4 billion. Earlier on Wednesday, Reuters first reported that private equity firm STG was nearing a deal to acquire Avid, citing people familiar with the matter. Avid said STG will buy the software company for $27.05 per share in cash.
United States New York Palo Alto Anirban Sen Jonathan Oatis Milana Vinn
Source: aol.com

Exclusive-Private equity firm STG nears $1.4 billion deal for Avid Technology -sources

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
United States Palo Alto Momentive Global Inc Avid Technology Inc Symphony Technology Group Media Composer

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