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Avid will buy Calif. rival in $460m deal

By Hiawatha Bray
Globe Staff / March 22, 2005

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Avid Technology Inc. of Tewksbury, the leading maker of digital video-editing gear for movie and TV production, has agreed to purchase a California rival, Pinnacle Systems Inc., for $460 million in cash and stock. (Full article: 571 words)

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