July 9 (Reuters) - Autodesk Inc ( ADSK ) is evaluating a
cash-and-stock deal for rival software maker PTC,
Bloomberg News reported on Wednesday, citing people familiar
with the matter.
Autodesk's ( ADSK ) shares fell 2% in trading after the bell.
Autodesk ( ADSK ) has been working with advisers on a potential deal,
the report said, adding that Boston-based PTC is also drawing
interest from other industry players.
No final decision has been made and Autodesk ( ADSK ) could opt
against pursuing a deal for PTC, according to the report.
Both the companies did not immediately respond to Reuters
requests for comment on the report.
Autodesk's ( ADSK ) broad portfolio of cloud-based design products is
seeing strong adoption from companies across industries ranging
from architecture to animation, while its investment in
artificial intelligence has further boosted spending.
PTC, which provides software solutions for designing,
manufacturing and servicing products across multiple sectors,
has seen a demand boost from clients seeking to upgrade their
product lineup and maintain competitive edge, alongside
companies looking to tap into the AI boom.