European Commission okayed on Friday Synopsys, Inc.'s acquisition of Ansys, Inc., valued at $35 billion. Nonetheless, the EC stressed in a statement that the approval is "conditional upon full compliance with the commitments offered by the parties."
After a probe, the EC found that the agreement would potentially reduce competition in the global markets for the supply of optics software, photonics software, and electronic design automation (EDA) software tools. To put the European Union governing body's concerns at bay, the two companies offered to "divest to a suitable purchaser the entire overlap in terms of the merging parties' respective activities" in the aforementioned markets.
As the offer "fully" addresses the concerns raised, after the EC approves a "suitable purchaser," Synopsys will be able to finalize the deal with Ansys.
