Private Equity Firm Symphony Technology Group Nearing Deal To Acquire Media Editing Software Maker Avid Technology For ~$1.4B
Portfolio Pulse from Benzinga Newsdesk
Private equity firm Symphony Technology Group is reportedly close to acquiring media editing software maker Avid Technology for approximately $1.4 billion, according to Bloomberg.
August 09, 2023 | 7:19 pm
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Avid Technology is expected to be acquired by Symphony Technology Group for around $1.4 billion. This could potentially lead to a short-term increase in AVID's stock price.
Acquisition news typically leads to a short-term increase in the stock price of the company being acquired. In this case, Avid Technology is being acquired for a significant amount, which could make the stock more attractive to investors.
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