Private equity firm Symphony Technology Group agrees to acquire media editing software maker Avid for ~$1.4B and expects the transaction to close in Q4 2023 (Reuters) 10-08-2023

Reuters:
Private equity firm Symphony Technology Group agrees to acquire media editing software maker Avid for ~$1.4B and expects the transaction 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.