Chip design software maker Synopsys on Tuesday said it would buy Ansys in a thirty-five billion dollar cash-and-stock deal, snapping up the maker of software used in creating products from airplanes to tennis rackets of players like Novak Djokovic.
The transaction would be the biggest acquisition in the technology sector since chipmaker Broadcom took over software maker VM ware last November in a sixty-nine billion dollar deal.
The companies said the deal implies a per-share value of three hundred and ninety point one nine dollars and represents a premium of about twenty-nine percent over Ansys’ last close on December 21, 2023.
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