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Discussion in 'Recording' started by UncleBob58, Aug 31, 2004.

  1. UncleBob58

    UncleBob58 Active Member


    Avid to Acquire M-Audio
    Deal will unite two leaders in the audio industry

    Tewksbury, MA (August 13, 2004) — Avid Technology, Inc. (NASDAQ: AVID) today announced that it has entered into a definitive agreement to acquire Midiman, Inc., doing business as M-Audio — a leading provider of digital audio and MIDI solutions for electronic musicians and audio professionals. At closing, Avid will pay approximately $80 million in cash, issue approximately 2 million shares of Avid common stock, and assume all outstanding M-Audio stock options..........
  2. David French

    David French Well-Known Member

    Yes, this sad news was discussed a little while ago in this thread.

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