Brussels, 05/08/2005 (Agence Europe) - The European Commission has cleared the proposed acquisition of Pinnacle Systems Inc by Avid Technology Inc. Both are US-based companies active in the digital video products market. Avid is one of the main global producers of digital audio and video software and hardware products targeting the professional media industries. Pinnacle is a manufacturer of digital video products but mainly focuses on consumers and has a limited presence in the professional...