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Avid Inks Deal to Acquire Orad

April 12, 2015, 07:16 PM

In a deal that is sure to make waves throughout the broadcast technology sector, Avid has signed a definitive agreement to acquire Orad Hi-Tec Systems. Avid will buy the Israel-based provider of 3D real-time graphics, video servers, and related asset management solutions for €5.67 per share in an all-cash transaction.

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