Private Equity Firm STG to buy Avid Technology for $1.4bn

Private Equity Firm STG to buy Avid Technology for $1.4bn

Private equity firm Symphony Technology Group on Wednesday agreed to buy media editing software maker Avid Technology Inc for about $1.4bn, including debt. As part of the deal, Avid shareholders will receive $27.05 per share in cash, the company said in a statement,...