Business & FinanceDealsTechnology

Media editing software vendor Avid explores sale

24 May 2023, 5:06 pm 1 minute

Sources exclusively shared with Reuters that Avid Technology Inc (AVID.O), a provider of video and audio editing software and equipment, is exploring a potential sale.

Market Impact

Avid’s shares jumped 18% on the news to $24.35 in Wednesday afternoon trading, giving the company a market value of about $1 billion.

Article Tags

Topics of Interest: Business & FinanceDealsTechnology

Type: Reuters Best

Sectors: Business & FinanceTechnology

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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