Avid Technology: Difference between revisions

Avid Technology was acquired by an affiliate of [https://https://en.wikipedia.org/wiki/Symphony_Technology_Group STG (Symphony Technology Group)] for 1.4 billion dollars on November 7, 2023 in a cash-only deal.<ref>{{Cite web |date=7 Nov 2023 |title=STG Completes Acquisition of Avid Technology |url=https://stg.com/news/stg-completes-acquisition-of-avid-technology/ |url-status=live |archive-url=https://web.archive.org/web/20260307073724/https://stg.com/news/stg-completes-acquisition-of-avid-technology/ |archive-date=7 Mar 2026 |access-date=16 Apr 2026 |website=STG}}</ref> This delisted Avid from the NYSE and returned its status as a private entity.<ref>{{Cite web |title=Avid Technology (AVID) - Stock split history |url=https://companiesmarketcap.com/avid-technology/stock-splits/ |url-status=live |archive-url=https://web.archive.org/web/20260416175443/https://companiesmarketcap.com/avid-technology/stock-splits/ |archive-date=16 Apr 2026 |access-date=16 Apr 2026 |website=CompaniesMarketCap.com |quote=This company appears to have been delisted Reason: Acquired by Private Equity Firm STG Last recorded trade on: January 9, 2024}}</ref> Subsequently, some of Avid's product development was outsourced to STG asset offices in India.<!-- I could not find a verifiable source for this claim. -->