Synopsys’ $35 billion Ansys acquisition set for EU approval, Reuters reports

Investing.com — U.S. chip design software firm Synopsys (NASDAQ:SNPS) is expected to receive approval from EU antitrust regulators for its $35 billion acquisition of Ansys (NASDAQ:ANSS), another chip design software company, according to Reuters on Monday.

This decision comes in response to Synopsys’ commitment to offload two assets to alleviate EU competition worries.

Earlier this month, Synopsys proposed to sell its subsidiary, Optical Solutions Group, a manufacturer of optical design tools, to Keysight Technologies (NYSE:KEYS), a design and emulation firm, the report said, citing people familiar with the matter.

In addition, Synopsys also offered to sell Ansys PowerArtist, it said, adding that the intention behind these proposed sales is to address any potential competition issues that might arise in the European Union due to the acquisition.

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