Synopsys Inc's Acquisition of Ansys Under Scrutiny

Investing.com — Synopsys Inc (NASDAQ:SNPS)'s proposed $35 billion acquisition of software developer Ansys (NASDAQ:ANSS) has come under scrutiny by the UK's Competition and Markets Authority (CMA). The watchdog has raised questions about potential competition issues in the supply of semiconductor chip design and light simulation products in the UK.

The CMA issued a statement indicating that the deal could face a more thorough antitrust investigation if the two companies fail to submit suitable proposals addressing the identified competition concerns. This announcement was given on Friday.

Synopsys, however, is already taking measures to address the issues raised by the CMA, according to a company spokesperson. The company remains optimistic about the deal's progress, with the spokesperson stating, "We continue to expect the transaction to close in the first half of 2025."

This all-American acquisition is part of Synopsys' strategic plan to expand its software development capabilities. The successful completion of the deal is contingent on meeting regulatory requirements, including addressing the concerns raised by the CMA.

> This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.