BRUSSELS, Nov 11 (Reuters) - Synopsys ( SNPS ) on Monday
sought European Union antitrust approval for its $35 billion
cash-and-stock acquisition of engineering software maker Ansys ( ANSS )
, the chip design software company said.
Synopsys ( SNPS ) announced the deal in January, the biggest in the
technology sector since chipmaker Broadcom's ( AVGO ) $69
billion buy of software maker VMware last November.
"We look forward to working constructively with the European
Commission in its standard merger review process," the company
said in a statement.
"Synopsys ( SNPS ) remains confident in a positive resolution of the
ongoing regulatory review processes, and we continue to expect
the transaction to close in the first half of 2025."
Synopsys ( SNPS ) makes tools to design the chips themselves, a
complement to offerings from Anysys, which makes software used
in creating products from airplanes to tennis rackets of players
like Novak Djokovic.
Analysts said the deal will create a massive new player in
the semiconductor electronic design automation sector which is
already highly consolidated between Synopsys ( SNPS ) and design software
firm Cadence Design Systems ( CDNS ).
The EU competition enforcer, which is expected to set a
mid-December deadline for its preliminary review, did not
immediately respond to a request for comment.
It can either clear the deal with or without remedies after
its initial assessment or it can open a four-month investigation
if it has serious concerns.
Sources said the Commission will likely launch a full-scale
investigation after its preliminary scrutiny.