Synopsys to acquire graphics software maker Ansys in $35 billion tech deal
Publishing timestamp: 2024-01-16 12:12:01
Summary
Synopsys, a semiconductor design and software firm, has announced its acquisition of Ansys, an engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion. The deal is expected to close in the first half of 2025 pending regulatory and shareholder approval. Synopsys shares were up 3% following the announcement, while Ansys shares slipped 5% but were up more than 14% since December. The acquisition will be partially funded by debt financing and Synopsys' cash.
Sentiment: NEUTRAL
Tickers: MSFT, ANSS, CSCO, SNPS, AVGO, SPLK,
Keywords: broadcom inc, ansys inc, breaking news: technology, business news, cisco systems inc, enterprise, technology, breaking news, software, synopsys inc, microsoft corp, splunk inc, business,
Source: https://www.cnbc.com/2024/01/16/synopsys-to-acquire-ansys-in-35-billion-graphics-software-deal.html