A little more on this one. Jetsen will become the 2nd largest stakeholder in Avid. Not simply an alliance.
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BRIEF-Beijing Jetsen to invest in US firm Avid Tech to become 2nd largest shareholderFeb 3 (Reuters) - Beijing Jetsen Technology Co Ltd
* Says it signs agreements with Avid Technology on strategic cooperation
* Says it plans to invest $18.2 million in Avid Technology, becoming second largest shareholder in Avid after transaction
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Posted by: switthaus@mac.com
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this is the Avid-L2
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