#1
#1 out of 1
business9h ago
Key facts: Synopsys Q3 revenue falls; FTC orders asset sale for merger
- Synopsys reported Q3 revenue of $1.740 billion, missing guidance and signaling softer demand.
- Net income fell 43% year over year, contributing to a sharp stock decline.
- The stock dropped 35.84% to $387.78 following the quarterly results.
- The FTC ordered Synopsys to sell certain assets related to its merger with Ansys.
- The asset sale is intended to address antitrust concerns from the $35 billion merger with Ansys.
- The merger in question is valued at about $35 billion.
- TradingView provided the latest updates on Synopsys’ earnings and FTC actions.
- The report cites guidance and market reaction as context for the quarterly results.
- The article covers the broader trend of antitrust actions in tech mergers.
- The coverage highlights ongoing M&A activity within the tech sector.
Vote 0