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By Tony Hallett
Published: 26 June 1998 09:14 BST
Avid - a manufacturer of video and film editing equipment - has acquired Microsoft subsidiary, Softimage. Industry watchers claim the deal, which sees the 3-D animation specialist go to Avid for $285m (£178m), is unusual because Microsoft is not known for selling off companies. Microsoft will still hold a small stake in Montreal-based Softimage, and claims it will work with Avid on joint initiatives in digital television, interactive content development and other visual media technologies.
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CIO Agenda 2008
The exclusive silicon.com CIO Agenda 2008 survey looks at the CIO's tech shopping list for the year, examines whether IT budgets are rising or falling and reveals what the pain points are for tech chiefs this year. Find out more in our latest special report.
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