Avid acquired by private equity firm STG for $1.4 billion
Private equity firm Symphony Technology Group (STG) has agreed to acquire Avid Technology in an all-cash transaction valuing Avid at approximately $1.4 billion, inclusive of debt.

Private equity firm Symphony Technology Group (STG) has agreed to acquire Avid Technology in an all-cash transaction valuing Avid at approximately $1.4 billion, inclusive of debt.
In its bid to remain committed to story-centric workflows, CGI is introducing feature enhancements to its OpenMedia newsroom platform and the dira! radio suite at IBC.
Four finalists who are making a difference in society have been selected for the IBC2023 Social Impact Award.
A versatile TV studio solution able to provide multiple options, including background screen, creative screens and more, will be on show from Qstech.
MK/IO, a complete streaming solution built on Microsoft Azure, will be unveiled at IBC.
The IBC Daily speaks to Fergal Ringrose, Chair of Judges for the IBC2023 Innovation Awards, to find out more about this year’s awards, including who’s on the shortlist and how to attend this year’s ceremony.
Challenges that will shape the success of future streaming services and ultimately increase user engagement are the pain points targeted by one of eight collaborative projects in this year’s IBC Accelerator Innovation Programme.
The latest updates to Haivision’s portfolio of video encoders and transmitters will be showcased in Hall 2. These include the Haivision Pro series of mobile video transmitters which enable contribution over any network, including internet, satellite, 4G and 5G.
Toy and games firm Hasbro has agreed to sell its eOne film and TV business to Lionsgate for $500 million.
With one year to go before the Paris 2024 Olympics, the final countdown has begun for those responsible for broadcasting the Games which run from 26 July -11 August, 2024.