China clears Synopsys’ $35B Ansys takeover

4 hours ago 1
Synopsys World Headquarters, Mountain View, CA

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Synopsys (NASDAQ:SNPS) has secured Chinese regulatory approval for its $35B acquisition of Ansys (NASDAQ:ANSS).

China’s State Administration for Market Regulation cleared the takeover with certain conditions, the agency said in a statement. The conditional approval removes a major obstacle to the deal

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