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Smaller names but big strategic $: Synopsys Inc said it would acquire Ansys in a $35 billion cash-and-stock deal. Synopsys will partially finance with $16 billion in debt and some $3 billion in cash on hand; the remaining $16 billion consideration will be in Synopsys stock, giving Ansys shareholders a sizable stake in the post-merger company. It’s one of the largest tech deals in recent years; regulatory scrutiny and the increased cost of borrowing have weighed heavily on M&A. Still, some notable deals have closed recently, and private equity activity in 2023 has suggested there is still appetite from financial buyers. Strategic acquisitions aren’t dead, though. Cisco, for example, announced it would pick up Splunk for $28 billion late last year.

Synopsys to acquire graphics software maker Ansys in $35 billion tech deal

Synopsys to acquire graphics software maker Ansys in $35 billion tech deal

cnbc.com

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