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yesterday

Synopsys Clears Last Regulatory Hurdle to Seal $35 Billion Ansys Acquisition

U.S. Commerce Department export rule changes in early July set the stage for the transaction’s final approval by Chinese regulators.

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The US Commerce Department’s Bureau of Industry and Security lifted export controls on electronic design automation software sales to China earlier this month. Photo: Shutterstock

Overview

  • China’s State Administration for Market Regulation granted conditional approval on July 14, requiring the combined companies to maintain existing contracts with Chinese customers.
  • The U.S. Commerce Department eased export restrictions on chip design and engineering software to China in early July, unlocking the final green light.
  • U.S. and European Union regulators had already approved the $35 billion cash-and-stock deal since its January 2024 announcement.
  • Under the agreement, Ansys shareholders will receive $197 in cash plus 0.345 shares of Synopsys for each Ansys share held.
  • Synopsys expects to complete the acquisition on July 17, subject to customary closing conditions, creating an end-to-end leader in silicon design and simulation solutions.