Motion Music tech Software Tech
Avid, makers of Pro Tools, Media Composer, Sibelius, will go to private equity
As expected, media tech giant Avid is ending its life as a NASDAQ-listed public company and selling to private equity, in a $1.4 billion all-cash acquisition by STG.
Read moreDeep in Debt, Big Retailer Guitar Center May Be Acquired
While the biggest US name in pro audio made headlines last week with uncertain financial news, so, too, did the biggest US name in music retail. Yes, we were so caught up watching Avid, makers of Pro Tools, Sibelius, and Media Composer, as they were dropped from NASDAQ and delayed earnings reports once again, we […]
Avid Delays Financial Reporting, But Promises Brighter Future, Including Pro Tools and Sibelius
Avid, makers of Pro Tools, Media Composer, Sibelius, and other products was on Tuesday suspended from being traded on the NASDAQ stock exchange because of a failure to issue timely financial statements. And the company by the admission of its own chief executive faces a changing industry. However, our earlier report included inaccurate information from […]
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