Avid Tech to buy M-Audio

ShortyShorty Manchester, UK Icrontian
edited August 2004 in Science & Tech
"Avid Technology Inc., which makes software that edits video and sound, will buy audio technology company Midiman Inc. for $80 million in cash, 2 million common shares, the assumption of Midiman stock options and possible future payments.

Closely held Midiman, which does business as M-Audio, will become part of Avid's Digidesign audio unit."

Submitted by: Gravite2090

Source: BizJournal
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