Investors of Native Instruments Looking to Acquire Avid
Summary
Earlier in the year, Francisco Partners supported the collaboration between iZotope and Native Instruments, aiming to influence the future of music production and audio creation. Notably, STG finalized a deal with Momentive Global Inc, the owner of SurveyMonkey, earlier this year. Sibelius, the go-to scoring software for composers like Hans Zimmer, enjoys similar prestige. The prospective acquisition of AVID, currently valued at $1.2 billion, is viewed as a significant development within the industry. According to Reuters, AVID began exploring various options, including a potential sale, with the assistance of investment bank Goldman Sachs earlier in the year.
Classifications
industries
Fintech & Banking
applications
Anti Piracy
AskAI Classifications
Labels
Media Production Software
Audio Software
Video Editing Software
Linked Companies
Avid
$1B+
Native Instruments GmbH
$50M to $100M