Synopsys Purchase Of Ansys Creates Silicon-To-Systems Design Leader

Chip design software maker Synopsys emerged as the winning bidder for a takeover target. Synopsys agreed to pay shareholders $197 in cash and a 0.345 share of Synopsys common stock for each share. The transaction is worth about $35 billion, making it the biggest technology deal of 2024 so far. Cadence Design Systems and Siemens reportedly also made bids for the company. The deal will combine Synopsys’ technology with the simulation and analysis portfolio of the target company to create a leader in design solutions.