Private equity’s love of music tech continues, as STG acquires Pro Tools maker Avid for $1.4bn
We told you a few weeks ago that private equity loves music technology, and looked at a few of the companies backed by well-funded PE firms. Now, one of the most well-known makers of professional music-making software is being acquired in a deal worth $1.4 billion. Avid Technology, the developer of video and audio editing …