Synopsys offers to sell two assets in bid for EU okay for $35 billion Ansys deal, sources say [Yahoo! Finance]
Synopsys, Inc. (SNPS)
Last synopsys, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
bid to win EU approval for its $35 billion acquisition of the chip design software company, three people with direct knowledge of the matter said. The European Commission, which acts as the European Union's competition watchdog, is now seeking feedback from rivals and customers on Synopsys' proposal, with a Dec. 16 deadline for responses, the people said. Synopsys has said it would sell its optical design tool maker Optical Solutions Group to design and emulation company Keysight Technologies, subject to the Ansys deal. It has now also offered to divest Ansys PowerArtist, including its research, developing, distributing, licensing, selling and marketing. PowerArtist is a tool used to analyse and reduce power to enable power-efficient design. Synopsys said it proposed steps to advance regulatory approvals. "Customers remain overwhelmingly supportive of this pro-competitive deal, and we continue to expect the transaction to close in the first half of 2025," a spokesperson said
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News
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition [Yahoo! Finance]Yahoo! Finance
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys AcquisitionPR Newswire
- SR Inc Announces 2024 SBER Awards: Top Honors Go to Synopsys, Nell Triplett of Juniper Networks, and IDEXXGlobeNewswire
- Black Duck Welcomes New CIO, CISO in Latest Executive Expansion Moves [Yahoo! Finance]Yahoo! Finance
- Synopsys and SiMa.ai Announce Strategic Collaboration to Accelerate Development of Automotive Edge AI Solutions [Yahoo! Finance]Yahoo! Finance
SNPS
Earnings
- 12/4/24 - Beat
SNPS
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- SNPS's page on the SEC website