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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
Private equity firm Symphony Technology Group is nearing a deal to acquire media editing software maker Avid Technology Inc for close to $1.4 billion, including debt, according to people familiar...
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.
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