"Synopsys Nears Landmark $35 Billion Ansys Takeover"

1 min read
Source: MarketWatch
"Synopsys Nears Landmark $35 Billion Ansys Takeover"
Photo: MarketWatch
TL;DR Summary

Synopsys Inc. is reportedly in advanced discussions to acquire Ansys Inc. for approximately $35 billion, potentially marking a significant tech industry transaction. The deal, which may finalize as early as the following week, was spurred by an initial unsolicited offer from Cadence Design Systems, a competitor. While Synopsys has not commented, and Ansys has yet to respond, the companies have a history of collaboration. The news has affected their stock prices, with Ansys shares rising and Synopsys shares falling slightly.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

0 min

vs 1 min read

Condensed

43%

14180 words

Want the full story? Read the original article

Read on MarketWatch