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TV Tech

Tom Butts

Report: Avid Sale Rumored

AVID Goldman Sachs

Avid

Avid stock jumped over 17% today after Reuters reported that the company is considering a potential sale.

Avid is the largest provider of video and editing software to the media and entertainment industry and has a market value of more than $900 million; according to sources, Goldman Sachs is working with Avid on the sale, Reuters said.

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