Synopsys and Ansys are in the process of merging to create a larger company ...

 Synopsys and Ansys are in the process of merging to create a larger company focused on electronic design automation (EDA) and computer-aided engineering (CAE) software. Here's a breakdown of the key details:

• Announcement: The merger was announced in January 2024 with an expected closing in the first half of 2025 ([CNBC]("synopsys to acquire graphics software maker ansys in 35 billion tech deal")).

• Value: The deal is valued at $35 billion, making it one of the biggest tech acquisitions in recent years ([Diginomica]("how synopsys acquisition of ansys could streamline design and simulation")).
• Benefits: The combined company aims to improve the design and simulation workflow across various engineering disciplines, potentially leading to better chip design and advancements in sustainability technologies ([Diginomica]("how synopsys acquisition of ansys could streamline design and simulation")).
• Current Status: Ansys stockholders have already approved the deal in May 2024. Now, the merger awaits regulatory approvals before it's finalized ([Ansys]("ansys stockholders approve transaction with synopsys")).

If the merger goes through, it will create a $100 billion software giant in the EDA/CAE space.