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STG Completes Avid Acquisition for $1.4 Billion

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The maker of the Media Composer editing system and Pro Tools audio post tool has once again become a private company.

Logo text An affiliate of private equity firm STG has completed the acquisition of Avid Technology — the maker of the Media Composer editing system and Pro Tools audio

postproduction system, both leading tools used in Hollywood for picture editing and sound, respectively — in an all-cash transaction valued at approximately $1.4 billion. Under the terms of

 

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