Press Release: Mergers : Commission clears acquisition of Pinnacle by Avid

The European Commission on 5 August 2005 cleared under the EU Merger Regulation the proposed acquisition of Pinnacle Systems Inc. ('Pinnacle'), by Avid Technology Inc. ('Avid'); both are US-based companies active in the digital video products market. After a thorough investigation the Commission concluded that the operation would not result in a significant impediment to effective competition in the European Economic Area or any substantial part of it.

• Primary Source

Avid: Press Release, 4.8.05, 'European Commission Clears Avid's Acquisition of Pinnacle' http://www.avid.com/company/releases/2005/050804_pinnacle_corp.html

European Commission: DG Competition: Merger Cases: M.3837 http://ec.europa.eu/comm/competition/mergers/cases/index/m76.html

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