Synopsys and Ansys in talks to merge: report

Shares of Ansys Inc. soared 19% Friday on the heels of a report the company is in discussions to be acquired by Synopsys Inc. in a deal that would create a design-software behemoth.

The potential deal would kick off 2024 with a mega-merger, even as the Federal Trade Commission attempts to crack down on such transactions. Talks remain fluid and a third party might still emerge as a possible suitor of Ansys, according to a Wall Street Journal report, which cited people familiar with the situation.

which has a market value of nearly $26.3 billion, makes software that helps predict how products in aerospace, healthcare and automotive applications will work in the real world. A deal could be struck early in 2024, according to people familiar with the matter. Ansys reported revenue of $2.1 billion in 2022.

with a market value of $85.1 billion, makes software that engineers use to design and test silicon chips used in smartphones, self-driving cars and other forms of artificial intelligence. Its stock has climbed 65% this year as investors flock to cash in on the AI boom. Shares of Synopsys were down 5.5% in late trading Friday.

Synopsys’s customers include Nvidia Corp.
Intel Corp.

and Advanced Micro Devices Inc.

Representatives from Synopsys and Ansys were not immediately available for comment.

Source link

Related Articles

Back to top button