FTC Requires Synopsys And Ansys To Divest Assets In $35-B Merger Deal

FTC Requires Synopsys And Ansys To Divest Assets In $35-B Merger Deal

The U.S. Federal Trade Commission announced Wednesday it will require software firms Synopsys and Ansys to divest certain assets to resolve antitrust issues tied to their $35-billion merger.

Troutman Pepper Locke | What Does the New Administration’s First Antitrust Merger Settlement Tell Us? | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources What Does the New Administration’s First An

By: Barbara T. Sicalides, Julian Weiss, Daniel N. Anziska, and Joseph A. Farside Jr., Troutman Pepper Locke The Federal Trade Commission (FTC) has agreed to accept the new administration’s first settlement of a merger-enforcement challenge. The settlement includes the divestiture of three businesses and will allow Synopsys, Inc. to complete its $34 billion acquisition of Ansys, Inc. Although the remedy is consistent with the previously announced…

Synopsys suspends China operations amid new restrictions

Synopsys has instructed its staff in China to cease sales and services within the country, as well as to halt accepting new orders.

Synopsys suspends China sales; Ansys merger get FTC nod

Synopys and Ansys’ merger will go forward on the condition that some assets are divested to Keysight Technologies Semiconductor design company Synopsys is facing headwinds, as new trade restrictions from the Trump administration have forced the semiconductor design company to stop sales to China. The move seeks to further undermine the semiconductor industry in China […]