February 3, 2017 / 8:05 AM / 7 months ago

BRIEF-Beijing Jetsen to invest in US firm Avid Tech to become 2nd largest shareholder

Feb 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

Source text in Chinese: bit.ly/2k2yHnz

Further company coverage: (Reporting by Hong Kong newsroom)

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