Investing
ANSYS up on WSJ report Synopsys may buy it for $35B next week
© Reuters. ANSYS (ANSS) up on WSJ report Synopsys may buy it for $35B next week
ANSYS (ANSS) stock gained on Friday following a report from the Wall Street Journal indicating that Synopsys (NASDAQ:) is in advanced discussions to acquire the application software company.
The potential deal is expected to be valued at around $35 billion, with a combination of stock and cash, the report said.
The deal could be announced as soon as next week. The same media outlet reported two weeks ago that the two companies are in talks over a merger.
ANSYS shares are up 1.6% on the news, Synopsys shares fell almost 1%.
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