Avid Strikes Again – Buys Sibelius
Sibelius, the music notation software concern, has been purchased by Avid Technology for $23 million (£12.2m) in a cash buyout for the London-based company. Avid, who recently snapped up M-Audio, is obviously looking to build on its savvy acquisition model. If Avid was looking for a bargain, it may have found it. Sibelius went for about one-and-a-half times its yearly turnover. The company claims 180,000 registered users worldwide...
Sony’s Quarterly Report Reveals Gains In TVs and Cameras
Music Players Still Have A Long Way To Go Sony revealed a better-than-expected quarterly operating profit, driven by increased sales of its Cybershot digital cameras and Bravia brand LCD televisions. The earnings display a major improvement in the profitability of Sony’s electronics division, a sign that its recovery is on track. The TV-led turnaround at its electronics unit is symbolic as its president, Ryoji Chubachi, has said...
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