Avid Pro Audio Community

Avid Pro Audio Community

How to Join & Post  •  Community Terms of Use  •  Help Us Help You

Knowledge Base Search  •  Community Search  •  Learn & Support


Avid Home Page

Go Back   Avid Pro Audio Community > General Discussion & Off Topic > General Discussion

Reply
 
Thread Tools Search this Thread Display Modes
  #11  
Old 08-10-2023, 06:23 AM
TJ Allen TJ Allen is offline
Member
 
Join Date: Mar 2018
Location: Bristol, UK
Posts: 90
Default Re: Avid for sale?

Affiliate of STG… could mean anyone. Worryingly vague.


Sent from my iPhone using Tapatalk
Reply With Quote
  #12  
Old 08-10-2023, 01:30 PM
musicman691 musicman691 is offline
Member
 
Join Date: Dec 2009
Location: The Sopranos State (NJ)
Posts: 19,141
Default Re: Avid for sale?

Quote:
Originally Posted by TJ Allen View Post
Affiliate of STG… could mean anyone. Worryingly vague.


Sent from my iPhone using Tapatalk
It could be worse - it could have been Francisco Partners.
__________________
Jack
See profile for system details
iMac dead & retired as of 11/4/17

QAPLA!
Reply With Quote
  #13  
Old 08-10-2023, 01:57 PM
zakco zakco is offline
Member
 
Join Date: Aug 2004
Location: BC Canada
Posts: 660
Default Re: Avid for sale?

Quote:
Originally Posted by musicman691 View Post
It could be worse - it could have been Francisco Partners.
Agreed
Reply With Quote
  #14  
Old 08-10-2023, 06:10 PM
Bob L's Avatar
Bob L Bob L is offline
Member
 
Join Date: Apr 2005
Location: Denver, CO
Posts: 633
Default Re: Avid for sale?

Quote:
Originally Posted by TJ Allen View Post
Affiliate of STG… could mean anyone. Worryingly vague.
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.

Quote:
Originally Posted by musicman691 View Post
It could be worse - it could have been Francisco Partners.
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?
__________________
Bob
Without a song
The day would never end

Last edited by Bob L; 08-10-2023 at 10:07 PM. Reason: Speeling
Reply With Quote
  #15  
Old 08-10-2023, 08:04 PM
DonaldM's Avatar
DonaldM DonaldM is offline
Member
 
Join Date: Nov 2007
Location: Indiana
Posts: 4,588
Default Re: Avid for sale?

Announced yesterday it looks like. Avid is going private with a deal with STG.
According to the announcement

Quote:
The transaction was unanimously approved by Avid’s Board of Directors and is expected to close during the fourth quarter of 2023, subject to Avid stockholder approval, regulatory approvals and other customary closing conditions. The transaction will be financed through a combination of equity and debt financing and is not subject to a financing condition. Upon completion of the transaction, Avid will become a privately-held company, and its common stock will no longer be traded on Nasdaq.
For further information regarding the terms and conditions contained in the definitive transaction agreement, please see Avid’s current report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission in connection with the transaction.
There's more about it on the Avid website.

I'm sure we'll learn more in the days/weeks ahead.
__________________
"Never believe anything you hear in a song." Tyrion Lannister, Game of Thrones
Owner: Dragon Rock Productions LLC


Reply With Quote
  #16  
Old 08-15-2023, 01:57 PM
Southsidemusic's Avatar
Southsidemusic Southsidemusic is offline
Moderator
 
Join Date: Dec 2011
Location: Stockholm - Sweden
Posts: 13,767
Default Re: Avid for sale?

Quote:
Originally Posted by easyrider View Post
I am scared that this will be a ”Slash and Dash” deal and that PT and MC and Sibelius etc will be somd off separately and same with the Hardware side but if I were to ”dream” someone with customer knowledge and care about said customers buy PT and make it even better than it is …. *keeps dreaming*
__________________
Best Regards
Christopher

#thestruggleisreal
—————————————
South Side Music Group
WEBHOME
—————————————
Reply With Quote
  #17  
Old 08-25-2023, 04:10 PM
ZerglingPhilosophy ZerglingPhilosophy is offline
Member
 
Join Date: Aug 2022
Location: USA
Posts: 77
Default 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.
Reply With Quote
  #18  
Old 08-26-2023, 03:04 AM
its2loud its2loud is online now
Member
 
Join Date: Dec 2014
Location: Los Angeles
Posts: 2,369
Default Re: Avid for sale?

Oh brother! Give it a rest with the trolling.

Last edited by its2loud; 08-26-2023 at 04:34 AM.
Reply With Quote
  #19  
Old 08-27-2023, 01:16 AM
basehead617 basehead617 is offline
Member
 
Join Date: Jan 2017
Location: California
Posts: 305
Default 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%.
Reply With Quote
  #20  
Old 08-27-2023, 06:14 PM
LDS LDS is offline
Member
 
Join Date: Jul 2014
Location: Sydney, Australia
Posts: 1,511
Default Re: Avid for sale?

Quote:
Originally Posted by basehead617 View Post
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%.

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.
__________________
Pro Tools Ultimate 2024.3. OSX 13.6.5. Win 10. HD Native. Lynx AES16e. Lynx Aurora 16. i9-13900KF. ASRock Z690 Steel Legend. 64GB Ram. AMD Vega 64. BM Decklink. Dolby Atmos Renderer 5.2. Trinnov D-Mon. D-Command.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Avid S3 For Sale FelixAlino Buy & Sell 5 09-17-2019 02:10 PM
Avid S3L-X 32 for sale fredrikzon Buy & Sell 1 08-29-2017 06:30 AM
Avid HD Pre for sale audioman1973 Buy & Sell 12 04-30-2017 04:48 PM
Avid S3 for sale UK kriszuki Buy & Sell 5 11-25-2015 11:56 AM
AVID BF Tel-Ray for sale... Rosco1969 Buy & Sell 1 02-07-2014 10:27 AM


All times are GMT -7. The time now is 09:51 AM.


Powered by: vBulletin, Copyright ©2000 - 2008, Jelsoft Enterprises Limited. Forum Hosted By: URLJet.com