Synopsys, Inc. and ANSYS, Inc. released a joint statement confirming that they have received merger clearance in every jurisdiction other than China for Synopsys' proposed acquisition of Ansys. This update indicates significant progress in securing the necessary regulatory approvals for the $35 billion transaction, which was announced in January 2024.
The companies stated that they continue to work collaboratively with the State Administration for Market Regulation of China (SAMR) and are at an advanced stage in obtaining this final regulatory approval. This suggests that discussions with the Chinese regulator are progressing, aiming to resolve any remaining concerns that led to a previous postponement of approval.
The acquisition is anticipated to close in the first half of 2025, subject to the receipt of this final required regulatory approval and other customary closing conditions. The confirmation of widespread international clearance, with only China remaining, provides a clearer outlook for the merger's eventual completion.
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