EU Greenlights $35B Synopsys-Ansys Merger with Conditions

EU Greenlights $35B Synopsys-Ansys Merger with Conditions
The European Commission has approved Synopsys' acquisition of Ansys, valued at $35 billion, contingent on the divestment of overlapping software products. This merger, crucial for creating a dominant player in chip design and simulation, has faced regulatory scrutiny similar to the Broadcom-VMware deal. As part of the agreement, Synopsys will offload its Optical Solutions Group and several optics software products, while Ansys will divest its PowerArtist software. The U.K. Competition and Markets Authority is also reviewing the deal, signaling further regulatory oversight.