PE firm Symphony Technology Group agrees to acquire media editing software maker Avid for ~$1.4B, with the transaction expected to close in Q4 2023 (Reuters)

Reuters:

PE firm Symphony Technology Group agrees to acquire media editing software maker Avid for ~$1.4B, with the transaction expected to close in Q4 2023  —  Private equity firm Symphony Technology Group (STG) on Wednesday agreed to buy media editing software maker Avid Technology Inc (AVID.O) for about $1.4 billion, including debt.