Synopsys offers to sell two assets in bid for EU okay for $35 billion Ansys deal, sources say

Quick Summary:

BRUSSELS : Chip design software company Synopsys has offered to sell an Ansys unit on top of one of its own in a 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.

PowerArtist is a tool used to analyse and reduce power to enable power-efficient design.

"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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeBelgium

Topics: Commission Ansys Company European Deal People Software Synopsys Design Photo: File

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 02:20:24 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24359575

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 46 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions