Synopsys Inc. is in advanced talks to acquire Ansys Inc. for about $35 billion in a $400 per share cash-and-stock deal that could be one of the first big tech transactions of the new year, according to a Wall Street Journal report Friday.
The design-software companies are in exclusive negotiations, and a deal could come together as soon as mid-next week, according to people familiar with the matter.
Synopsys rival Cadence Design Systems Inc.
CDNS,
initially approached Ansys with an unsolicited offer, putting Ansys into play, the Journal reported.
A representative from Synopsys
SNPS,
declined comment. Ansys
ANSS,
was not immediately available for comment.
The companies have worked together: In 2017, they announced a partnership to integrate technologies to assist overlapping customers.
Shares of Snyopsys are down 1% in early-afternoon trading Friday, while Ansys’ stock is surging 1.3%.
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