Shares of video and audio editing software maker Avid Technology Inc. AVID jumped Wednesday following a report the company has hired Goldman Sachs to explore a potential sale. Avid shares rallied as much as 18% following Reuters’ reporting of the matter, citing unnamed sources close to the proceedings. Avid has asked Goldman Sachs to begin collecting binding offers, according to the report.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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