Avid Divests Consumer Business

July 2, 2012, 02:56 PM

http://blog.devoncroft.com/2012/07/02/avid-divests...

Avid announced that it is selling off its struggling consumer business in a series of separate transactions. Avid also said that it is undertaking a 20 percent workforce reduction, which includes the employees being transferred as part of the sale of its consumer business.

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