Synopsys Clears Final Hurdle to Acquire Ansys With China's Conditional Approval
Synopsys, a U.S.-based software company, has received conditional approval from China's market regulator to acquire Ansys, another U.S. software firm. This approval removes the last major obstacle for the $35 billion deal.
With the Chinese authority's decision, Synopsys now has all the regulatory approvals needed to complete the acquisition. The companies had been waiting for clearance from China’s State Administration for Market Regulation before moving ahead.
The deal will allow Synopsys to expand its offerings by combining its chip design software business with Ansys's expertise in engineering simulation software.
It means China's regulator has approved the deal but may require Synopsys to meet certain conditions, though the exact details were not specified in these reports.
Both companies have operations or business interests in China, so major mergers often need permission from that country's regulators to proceed.
The deal is valued at $35 billion.
Synopsys is known for its software used in designing computer chips, while Ansys specializes in engineering simulation software used in product design and testing.
Reuters
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