Synopsys to buy Ansys in $35bn deal Semiconductor design and software firm Synopsys announced on Tuesday it would acquire Ansys, an engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion. The acquisition is one of the largest tech deals announced in recent years. Synopsys will pay consideration of roughly $390 per share: $197 per […]
Synopsys to buy Ansys in $35bn deal
Semiconductor design and software firm Synopsys announced on Tuesday it would acquire Ansys, an engineering and product design software firm, in a cash-and-stock deal valued at approximately $35 billion. The acquisition is one of the largest tech deals announced in recent years.
Synopsys will pay consideration of roughly $390 per share: $197 per share in cash and around one-third of a Synopsys share for each Ansys share. The deal is expected to close in the first half of 2025.
Ansys shareholders will own 16.5% of Synopsys following the merger, Synopsys CEO Sassine Ghazi said during a conference call after the announcement. The deal will be partially funded by $16bn of debt financing, Synopsys said in a release. The remaining $3bn nonequity consideration will come from Synopsys’ cash.
Uber partners with Tesla to scale EV adoption in US
Uber is offering its drivers exclusive purchase incentives of up to $2,000 for Tesla’s Model 3 and Model Y.
According to Andrew Macdonald, senior VP of mobility and business operations at Uber, the cost of ownership and access to convenient charging are the top two barriers preventing Uber drivers from going electric. Macdonald hopes that working with Tesla will tackle these issues.
Starting with New York City, Uber has begun sharing data with Tesla on where its drivers need charging infrastructure the most.
Drivers will be able to purchase vehicles directly from Tesla’s factory. They must purchase and receive the vehicle through March 31 and complete 100 trips by May 15 to be eligible. Uber has initiated test drive events at Tesla stores.
Remote-driven car service arrives in America’s Sin City
German remote-driving startup Vay has launched its first commercial service in Las Vegas where a “teledriver”, or remote driver, delivers electric short-term rental cars to customers then collects them after the rental.
Unlike autonomous vehicles it relies on a remote human driver. Over time, the startup said it will introduce more autonomous features as it learns from the cameras included on its vehicles.
The service is currently available around the University of Nevada Las Vegas and the city’s arts district renting out cars by the minute. So far, Vay has raised about $110 million from investors including Sweden’s Kinnevik, Coatue and France’s Eurazeo.
Nokia plans multimillion chip investment
Findland’s Nokia is planning to invest $391 million over a four year period in software, hardware and chip design at its Ulm and Nuremberg sites in Germany.
The project is being funded by the company, the German Federal Ministry of Economics and Climate Protection and two German states, Nokia said in a statement.
