Synopsys Buys Magma Design Automation
Mountain View-based Synopsys, the developer of semiconductor design verification software, said Wednesday that it is in a definitive agreement to acquire San Jose-based Magma Design Automation. The deal is worth approximately $507M net of cash and debt acquired, or $7.35 per Magma share in cash. Synopsys said the move will enable it to more rapidly meet customer requirements in chip design. Magma also develops chip design software.
posted on Wednesday, November 30, 2011
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