The deal was the latest sign of changes in the tech sector, as artificial intelligence booms and sales of some hardware slows.
Synopsys, a key Silicon Valley supplier to the chip industry, said on Tuesday that it had agreed to pay $35 billion for Ansys, a Pennsylvania company that makes software used to simulate and analyze product designs for electronics manufacturers, car makers, defense contractors and others.
The deal, which was struck for a combination of cash and stock, follows a $14 billion deal this month by Hewlett Packard Enterprise to buy Juniper Networks, uniting a big computer maker with a specialist in networking gear. It was the latest sign of changing times in the technology sector, which is experiencing slow sales for many types of hardware and a frenzy over artificial intelligence.
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Curated by Arun