China gives conditional nod to Synopsys-Ansys deal, removing last major hurdle

China's market regulator has conditionally approved U.S. chip design software provider Synopsys' acquisition of engineering design firm Ansys, clearing the last significant regulatory obstacle for the $35 billion buyout. The State Administration for Market Regulation's (SAMR) conditional approval, which came on Monday, would finally allow two major players in the electronic design automation (EDA) industry to combine. The deal, which was announced early last year, faced intense antitrust scrutiny in markets such as Britain. After extensive investigations, the deal had received merger clearance in every jurisdiction except China, according to the companies. The deadline to close the deal ends on July 15, but can be extended till January next year. Shares of Synopsys rose 3 percent in premarket trading, while those of Ansys were up 4.5 percent. "With SAMR's approval being the final outstanding regulatory clearance, we believe Synopsys and Ansys will now move swiftly to finalize the transaction," Berenberg analysts said. Months of back-and-forth over U.S. restrictions on export of EDA toolsWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times