By Ben GlickmanSynopsys will acquire Ansys in a $35 billion cash-and-stock deal, confirming a prior Wall Street Journal report. Ansys shareholders will receive $197 in cash and 0.345 shares of Synopsys stock per share of Ansys, the companies said Tuesday. The deal gives Ansys an enterprise value of $35 billion based on the Dec. 21 closing price of Synopsys stock. Synopsys said it would fund the $19 billion in cash consideration with cash on hand and debt financing. Sunnyvale, Calif.-based Synopsys makes software to design and test chips.

Source: Wall Street Journal January 16, 2024 13:43 UTC