Friday, 13 August 2004
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Avid Technology acquires M-Audio
Avid Technology Inc. on Friday announced plans to acquire Midiman Inc., doing business as M-Audio. The deal is valued at US$80 million in cash plus two million shares of Avid common stock and the assumption of all outstanding M-Audio stock options, worth approximately another 325,000 shares of Avid stock. [MacCentral]
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