12:36 PM EDT, 05/16/2024 (MT Newswires) -- Synopsys' ( SNPS ) previously announced acquisition of Ansys ( ANSS ) in January is facing regulatory scrutiny in China, the companies said in separate filings Thursday.

The proposed deal values Ansys ( ANSS ) at about $35 billion in cash and stock.

Synopsys ( SNPS ) received a notice on Tuesday from China's State Administration for Market Regulation that the acquisition is below the government's merger thresholds. Synopsys ( SNPS ) is required to notify the State Council about the deal, the companies said.

Synopsys ( SNPS ) and Ansys ( ANSS ) said they are coordinating with each other on the next steps.

The deal is expected to close in H1 of 2025, subject to approvals by Ansys ( ANSS ) shareholders and regulators and other closing conditions, the companies said.

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