Wednesday, February 22, 2012

Synopsys Completes Acquisition of Magma

Mountain View-based Synopsys said today that it has completed its acquisition of San Jose-based Magma Design Automation. The deal was worth approximately $523M, or $7.35 per Magma share in cash. Magma is a developer of software used in the chip design process. The acquisition had originally been announced in November of 2011.