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Avid sells M-Audio to inMusic, video editing apps to Corel

07/02, 2:52pm

Avid to earn $17M when sales complete later today

Pro Tools maker Avid is selling music technology company M-Audio to inMusic. Avid has agreed to the sale in order to focus on media enterprise and other professional customers, and to improve its operating performance. It is also passing its line of video editing apps to Corel Corporation at the same time as the M-Audio sale.

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