Chip-Software Firm Synopsys Agrees To Buy Ansys for $35 Billion

Synopsys, a chip-design company, agreed to acquire software developer Ansys for about $35 billion in enterprise value. From a report: Ansys shareholders will receive $197 in cash and 0.345 shares of Synopsys stock per share, according to an announcement by the companies Tuesday. The takeover of Ansys is one of the largest transactions globally of the past 12 months and provides an early boost for dealmakers in 2024 as they seek to move on from a lackluster period of mergers and acquisitions activity. Synopsys, based in Sunnyvale, California, is one of a few major companies that make software used to design semiconductors, competing primarily with Cadence Design Systems Inc.

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