Can't stop wondering, of all possible buyers, why STG? Price is underwhelming, buyer has no track record in the media industry, is not a bigger player in tech, and most of their previous investments have been sold. Trying to see the upsides, but frankly this looks more like a random private equity buying a desperate company undergoing very strong pressure from shareholders (Impactive mainly, most possibly), which makes me think the likelyhood of STG selling Avid (or its parts) given more time is very high. Question is what will happen in between, how many people will leave or be let go, and how the work culture will change over the next years.
Unless their intention is to really support the growth of the company (which is the narrative we will most likely be hearing), but everything indicates otherwise.
Only time will tell. I give it 5 years before someone bigger buys Avid or it goes public again.