Synopsys is in advanced discussions to acquire privately-held tech company PikeTec, Bloomberg’s Liana Baker and Eyk Henning report, citing people familiar with the matter. The company could announce a deal valuing PikeTec at over $200M as soon as this week, the authors note. Shares of Synopsys are up 2.7% in afternoon trading.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SNPS: