Tuesday, July 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Qualcomm Enables Wireless Charging for Mobile Devices with Metal Cases
New Memory Memory Chip Is 1,000 Times Faster Than Flash
Motorola Unveils New Moto G, Moto X Play and Moto X Style Android Phones
Hackers Could Break Into Your Android Smartphone With A Simple MMS
Google Relases New Consent Policy in European Union
Samsung To Showcase New Galaxy Phablet on August 13 Event
OnePlus 2 Smarphone Is An Affordable, High-End Flagship
Google Announces Changes To Google Plus
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Avid in...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, August 16, 2004
Avid in M-Audio buy-out


Avid has announced plans to acquire Midiman, doing business as M-Audio.

The deal is valued at $80 million (around 44 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.

Avid is best known for their development and manufacture of video editing hardware and software, but the company also owns Digidesign, a maker of professional digital audio production systems used in music, broadcast, multimedia and film, and SoftImage, a developer of professional-grade 3D animation, 2D cel animation, compositing and special effects software.

M-Audio manufactures audio hardware and develops audio software for professional and consumer markets in both the Mac and PC space.

Avid indicated that M-Audio will become a business unit of Digidesign, where it will continue to market its line of peripherals, sound cards, keyboard controllers and other products alongside Digidesign's own. Avid president and CEO David Krall said that the acquisition will help his company bolster its investment in the home studio market segment, which he called "the fastest growing portion of our audio business, where we achieved roughly 40 per cent year-over-year growth in Q2 of 2004."

The deal has already been approved by the boards of directors of both companies and has received antitrust clearance; it is expected to close before the end of August.

From Digit



Previous
Next
BenQ and Coretronic plan to offer projectors with built-in DVD players        All News        DVD Jon cracks Apple streaming
Microsoft to release easy-to-use Windows XP for developing markets     General Computing News      Microsoft puts the brakes on XP SP2 auto-update

Source Link Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .