Synopsys in talks to acquire Ansys, Reuters says

Synopsys (SNPS) has submitted a bid to purchase Ansys (ANSS), an engineering software vendor with a market value of $30B, Reuters’ Anirban Sen and Milana Vinn report, citing people familiar with the matter. Synopsys is one of the companies that has been in discussions with Ansys over a possible transaction, though Ansys has also drawn other suitors and there is no certainty that the Synopsys offer will win out, the author notes. Ansys shares are up nearly 17% in afternoon trading, while Synopsys shares are down 5.5%.