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Synopsys Buys Virage Logic




Mountain View-based Synopsys announced today that it is acquiring Virage Logic, in a deal worth $315M in cash, or $12.00 per share in cash per Virage Logic share. After accounting for cash on hand at Virage, the deal is worth approximately $289M. Virage is a provider of intellectual property for the integrated circuit market. Synopsys said the buy will strengthen its portfolio for systems-on-a-chip development.


 

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