Shares of ANSYS (NASDAQ:ANSS) slightly rose intra-day today after a Wall Street Journal report suggested that Synopsys (NASDAQ:SNPS) is in the late stages of negotiations to acquire the application software firm.

The anticipated acquisition is reportedly valued at approximately $35 billion and is expected to involve a mix of stock and cash. According to the report, the announcement of the deal could happen as early as next week. This news follows a previous report by the same outlet two weeks ago, which indicated that the two companies were discussing a potential merger.