Jun. 13 at 10:32 AM
$SNPS $ANSS
China delays approval of Synopsys, Ansys merger, FT reports
China's State Administration for Market Regulation has postponed its approval of the proposed deal between Synopsys (SNPS) and Ansys (ANSS), The Financial Times' Zijing Wu and Cheng Leng report. According to two people with knowledge of the matter, the
$35B merger has received approval of authorities in the U.S. and Europe, and had entered the last stage of SAMR's approval process and was expected to be completed by the end of this month. The delay comes as the U.S. moved to ban chip design software sales by U.S. companies, including Synopsys, to China in late May.
