SYNOPSYS WILL BUY ENGINEERING SOFTWARE FIRM ANSYS IN $35 BILLION DEAL

Chip design software maker Synopsys (SNPS.O), opens new tab said on Tuesday it would buy Ansys (ANSS.O), opens new tab in a $35 billion cash-and-stock deal, snapping up the maker of software used in creating products from airplanes to tennis rackets of players like Novak Djokovic. The transaction would be the biggest acquisition in the technology sector since chipmaker Broadcom (AVGO.O), opens new tab took over software maker VMware last November in a $69 billion deal.

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