John Cooley has an interesting “scoop” on the Synopsys-EVE acquisition. The acquisition itself is not a surprise, it is the one big hole in Synopsys’s product line and EVE is the perfect plug to fill it. It was also about the only thing Cadence has (apart from PCB) that Synopsys does not.
The interesting thing is that John noticed it via a filing in San Jose district court where a document said that Synopsys entered into an agreement to acquire EVE on Septemeber 27th. Even before the acquisition is even announced (when, presumably, Synopsys would inherit the EVE-Mentor legal stuff) Synopsys seems to be suing Mentor to get a ruling that Mentor doesn’t have a leg to stand on.
What I don’t understand is how, under full-disclosure rules, it is acceptable for Synopsys to tell the court without telling analysts and, indeed, everyone else by a press release. Right now I’m in China and for some reason the great firewall won’t let me access the Synopsys website (all that subversive simulation technology or something) but I can access the EVE website and there is nothing there about any acquisition. Synopsys is a $1.75B company and EVE is a $60M-ish company so perhaps it is regarded as completely non-material but I’ve never seen anything like it where via one obscure channel the company is aannouncing the acquisition while via the normal channel for announcing these things there is silence. I wonder what would happen if someone formally asked the company about it: “we never comment on takeover rumors” is the usual response of course.
Presumably more will become clear in the next few days, perhaps even tomorrow. We shall see.
Another interesting question, mainly of prurient interest, is who leaked it to John. I mean I can’t believe he is a daily reader of San Jose court documents.
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