Stg completes acquisition of avid technology

Burlington, mass., nov. 07, 2023 (globe newswire) -- avid technology, inc. (nasdaq: avid), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of stg in an all-cash transaction valued at approximately $1.4 billion. the acquisition was previously announced on august 9, 2023, and approved by avid stockholders on november 2, 2023.
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