EU Grants Conditional Approval for Synopsys' $35 Billion Acquisition of Ansys, Subject to Divestment Conditions

The European Commission has granted conditional approval for Synopsys to acquire Ansys in a deal valued at $34 billion. This approval from the EU's merger watchdog comes with specific divestment conditions that Synopsys must meet as part of the agreement. The acquisition is seen as a strategic move for Synopsys, a chip-design company, to enhance its software capabilities in the competitive technology sector. The deal's approval reflects ongoing consolidation trends in the software and technology industries.