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#11
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Re: Avid for sale?
Affiliate of STG… could mean anyone. Worryingly vague.
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#12
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Re: Avid for sale?
It could be worse - it could have been Francisco Partners.
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#13
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Re: Avid for sale?
Agreed
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#14
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Re: Avid for sale?
From Marianna's post of the SEC-required boilerplate (you know, the stuff nobody reads) from the afternoon of August 9 (yesterday) -
This communication is being made in respect of the proposed transaction involving Avid Technology, Inc. (the “Company”), Artisan Bidco, Inc. (“Parent”) and Artisan Merger Sub, Inc., whereby the Company would become a wholly-owned subsidiary of Parent. Or Bain.... Let's "hope" that Artisan Bidco and Artisan Merger Sub, Inc. believe in the principle that happy customers generate revenue and strive to improve the AVID product lines in pursuit of that goal; further that they are able to retain Mr. Rosica as AVID CEO. I also hope for world peace and that "we can all just get along". How's that been going?
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Bob Without a song The day would never end Last edited by Bob L; 08-10-2023 at 10:07 PM. Reason: Speeling |
#15
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Re: Avid for sale?
Announced yesterday it looks like. Avid is going private with a deal with STG.
According to the announcement Quote:
I'm sure we'll learn more in the days/weeks ahead.
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"Never believe anything you hear in a song." Tyrion Lannister, Game of Thrones Owner: Dragon Rock Productions LLC |
#16
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Re: Avid for sale?
Quote:
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Best Regards Christopher #thestruggleisreal ————————————— South Side Music Group WEBHOME ————————————— |
#17
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Re: Avid for sale?
Great news, AVID's relationship with their customers is truly embarrassing and unprofessional. I wish Jeff could've been bought out too. Let's hope he is gone soon and this organization can start to value their customer base again.
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#18
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Re: Avid for sale?
Oh brother! Give it a rest with the trolling.
Last edited by its2loud; 08-26-2023 at 04:34 AM. |
#19
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Re: Avid for sale?
Being public seems to me worse than going private.
When you are a public company your investors by definition only care about the stock price and the bottom line, and you have to listen to them. If you’re private there’s only a 99% chance that’s the case instead of 100%. |
#20
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Re: Avid for sale?
Quote:
But by definition, a private equity firm is also made up of shareholders who seek to make profit... and they can do it without being hindered by the regulations that apply to a publicly traded company. It would be naive to think that STG spent $1.4 billion buying Avid because they want to be nicer to us end users. They purchased it for one reason, and one reason alone - they think they can make a very decent return on investment. How they plan to do that is anyones guess. We may become the next Fairlight - a bunch of orphaned DAW users because Avid was divided up and parted out to the highest bidder. Or maybe Avid will become the next Toys 'R' Us - a company purchased by private equity, only to end up with wealthier private equity firms and 30,000 Toys 'R' Us employees out of work and a totally bust brand. Maybe STG thinks it can better refine Avid for another round of going public. Who knows. Criticise public companies and shareholders are you will. It isn't a perfect system, but at least it gives you or I or anyone the power to have a say in the outcome direction of a company. The same doesn't apply to private ownership via private equity. At this point in time, you could flip a coin whether STG will turn out to be Avid's angels or vultures.
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