Synopsys nears sale of $2B software unit to PE firms - Reuters

seekingalpha05-03

Synopsys (NASDAQ:SNPS) is in advanced discussions to sell its $2B software integrity unit to a private equity consortium, led by Clearlake Capital and Francisco Partners. The two PE shops prevailed ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432936127?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1179920206/image_1179920206.jpg","is_english":true,"pubTime":"2024-05-03 02:02","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2432936127","market":"nz","top_or_hot":-1,"title":"Synopsys nears sale of $2B software unit to PE firms - Reuters","media":"seekingalpha","content":"<div>\n<p>Synopsys (NASDAQ:SNPS) is in advanced discussions to sell its $2B software integrity unit to a private equity consortium, led by Clearlake Capital and Francisco Partners. The two PE shops prevailed ...</p>\n\n<a href=\"https://seekingalpha.com/news/4099020-synopsys-nears-sale-of-2b-software-unit-to-pe-firms-reuters\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Synopsys nears sale of $2B software unit to PE firms - Reuters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSynopsys nears sale of $2B software unit to PE firms - Reuters\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-03 02:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4099020-synopsys-nears-sale-of-2b-software-unit-to-pe-firms-reuters><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Synopsys (NASDAQ:SNPS) is in advanced discussions to sell its $2B software integrity unit to a private equity consortium, led by Clearlake Capital and Francisco Partners. The two PE shops prevailed ...</p>\n\n<a href=\"https://seekingalpha.com/news/4099020-synopsys-nears-sale-of-2b-software-unit-to-pe-firms-reuters\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0889565833.HKD","symbol_name":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","start_time":0,"source_url":"https://seekingalpha.com/news/4099020-synopsys-nears-sale-of-2b-software-unit-to-pe-firms-reuters","article_id":"2432936127","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1179920206/image_1179920206.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432936127","pubTimestamp":1714672953,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Synopsys  is in advanced discussions to sell its $2B software integrity unit to a private equity consortium, led by Clearlake Capital and Francisco Partners. The two PE shops prevailed over other buyout firms interested in the business, according to a Reuters report on Thursday, which cited people familiar with the matter. A deal could be announced as early as next week if talks are succesful. Synopsys CEO Sassine Ghazi on the company's earnings conference call in November said that the board had decided to explore strategic alternatives for the software integrity business. The latest report comes after Bloomberg reported in February that U.S. chip designer Synopsys was gearing up to start a sale process for its software integrity business. which could be valued at $3 billion or more. The sale come as Synopsys  agreed in January to buy engineering software firm Ansys  in a cash-and-stock deal valued at about $35B. Synopsys  is set to report Q1 results on May 22.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1854104046.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU0109392836.USD":"富兰克林科技股A","LU2063271972.USD":"富兰克林创新领域基金","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","SNPS":"新思科技","BK4588":"碎股","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4023":"应用软件","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1854103824.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) INC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","ANSS":"安斯科技","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC"},"translate_title":"新思科技即将向私募股权公司出售价值2B美元的软件部门——路透社","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNPS":1,"ANSS":1},"content_text":"Synopsys (NASDAQ:SNPS) is in advanced discussions to sell its $2B software integrity unit to a private equity consortium, led by Clearlake Capital and Francisco Partners. The two PE shops prevailed over other buyout firms interested in the business, according to a Reuters report on Thursday, which cited people familiar with the matter. A deal could be announced as early as next week if talks are succesful. Synopsys CEO Sassine Ghazi on the company's earnings conference call in November said that the board had decided to explore strategic alternatives for the software integrity business. The latest report comes after Bloomberg reported in February that U.S. chip designer Synopsys was gearing up to start a sale process for its software integrity business. which could be valued at $3 billion or more. The sale come as Synopsys (SNPS) agreed in January to buy engineering software firm Ansys (ANSS) in a cash-and-stock deal valued at about $35B. Synopsys (SNPS) is set to report Q1 results on May 22.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432936127"}