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GlobeNewswire·

Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion

Stockholders to Receive $27.05 Per Share in Cash Transaction Represents 32.1% Premium to Avid's Unaffected Share Price on May 23, 2023 Avid to Become a Privately Held Company Upon Completion of the Transaction