KVR Audio

noiseboyuk · Post by **noiseboyuk** » Thu Aug 10, 2023 7:55 am

Avid - owners of Pro Tools and Media Composer - have been bought by a private equity company. No word on what it means for users of course, but everyone assuming it will be bad because it always is.

https://www.production-expert.com/produ ... -ownership

lfm · Post by **lfm** » Thu Aug 10, 2023 8:37 am

Avid on Nasdaq
https://www.nasdaq.com/market-activity/ ... d-charting

Share holders get $1 more than last quote, but $5 less than 3 months ago.
Not a position of strength one could say it was sold.

So now delisted will be interesting to see what happends.
- Q2 result presented today probably not that good

mcbpete · Post by **mcbpete** » Thu Aug 10, 2023 8:44 am

Interesting, last I'd heard it was Izotope/Native Instruments bidding for them. Maybe the purchase would end up them monopolising the market and they weren't allowed to buy them for anti-trust/anti-competition (can't remember the exact term) reasons.

syntonica · Post by **syntonica** » Thu Aug 10, 2023 4:27 pm

At least it's not Gibson. ¯\_(ツ)_/¯

VitaminD · Post by **VitaminD** » Thu Aug 10, 2023 4:29 pm

mcbpete wrote: Thu Aug 10, 2023 8:44 am Interesting, last I'd heard it was Izotope/Native Instruments bidding for them. Maybe the purchase would end up them monopolising the market and they weren't allowed to buy them for anti-trust/anti-competition (can't remember the exact term) reasons.

Or maybe the winning bid was just higher..

Winstontaneous · Post by **Winstontaneous** » Thu Aug 10, 2023 7:22 pm

syntonica wrote: Thu Aug 10, 2023 4:27 pm At least it's not Gibson. ¯\_(ツ)_/¯

I'm generally with you on this, but (so far) Gibson has not yet run Mesa-Boogie amplifiers into the ground so maybe they're breaking their streak. I know a design engineer at Mesa who says it's been going great.

apoclypse · Post by **apoclypse** » Fri Aug 11, 2023 2:52 pm

VitaminD wrote: Thu Aug 10, 2023 4:29 pm
mcbpete wrote: Thu Aug 10, 2023 8:44 am Interesting, last I'd heard it was Izotope/Native Instruments bidding for them. Maybe the purchase would end up them monopolising the market and they weren't allowed to buy them for anti-trust/anti-competition (can't remember the exact term) reasons.
Or maybe the winning bid was just higher..

I think this makes more sense. I don't see any anti-trust issues if NI bought Avid. However I'm not sure that would make sense for them in the long run so I'm glad they didn't get it. They should maybe target another DAW maker imo. I don't necessarily trust them to build their own at this point.

mcbpete · Post by **mcbpete** » Fri Aug 11, 2023 4:12 pm

I'd misread the article the other day: it wasn't Native Instruments/Izotope putting in a bid but Francisco Partners who are a major investor of those companies - https://musictech.com/news/industry/nat ... uire-avid/

apoclypse · Post by **apoclypse** » Fri Aug 11, 2023 4:42 pm

mcbpete wrote: Fri Aug 11, 2023 4:12 pm I'd misread the article the other day: it wasn't Native Instruments/Izotope putting in a bid but Francisco Partners who are a major investor of those companies - https://musictech.com/news/industry/nat ... uire-avid/

It's pretty much the same thing at this point.

jamcat · Post by **jamcat** » Sat Aug 12, 2023 7:26 am

They were bought for $1.4 billion, including all their debt paid. I don’t think NI or any other audio software company could afford anything near that.

Avid acquired by STG