Synopsys Agrees to Buy Ansys for $35 Billion
The deal values Ansys at $390.19 a share in cash and stock
$35B software deal kicks off in 2024. A takeover is one of the largest deals in the last 12 months
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Synopsys Agrees to Buy Ansys for $35 Billion
The deal values Ansys at $390.19 a share in cash and stock#software #merge #tech #shares https://t.co/jx8rn8bdMy— The_Journalbiz (@the_journalbiz) January 16, 2024
Ansys deal announcement
Chip design company Synopsys Inc. agreed to buy software developer Ansys Inc. for about $34 billion in cash and stock, marking one of the largest deals announced worldwide in the past year.
Ansys shareholders will receive $197 in cash and 0.345 shares of Synopsys stock per share, according to an announcement by the companies Tuesday. That values Ansys shares at about $390.19 based on closing share prices on Dec. 21, before Bloomberg reported that the companies were in talks. The deal is set to close in the first half of 2025, Synopsys said.
The acquisition aims to expand Synopsys’ customer base and its suite of products. 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. .
