FMP
Synopsys May Acquire ANSYS for $35 Billion
Jan 5, 2024 10:49 PM - Davit Kirakosyan(Last modified: Jan 6, 2024 4:45 AM)
Image credit: FMP
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.
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