Dylan McGrath, EETimes
2/22/2012 5:44 PM EST
SAN FRANCISCO—EDA and IP vendor Synopsys Inc. said Wednesday (Feb. 22) it closed the $523 million acquisition of long-time rival Magma Design Automation Inc. and revealed that Rajeev Madhavan, Magma's chairman and CEO, would not be joining Synopsys as a result.
Few in EDA circles believed that Madhavan would join Synopsys as a result of the deal. Madhavan has been a fierce rival of Synopsys over the years, including engaging in a high-profile patent lawsuit that went to trial in 2006. Many believe that years of battles in court and the marketplace have bred personal animosity between Madhavan and Synopsys Chairman and CEO Aart de Geus.
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