Virage Logic acquired by Synopsys for $315 million

Client(s) Virage Logic Corporation

Jones Day advised Virage Logic Corporation in its $315 million acquisition by Synopsys, Inc. With this acquisition, Synopsys strengthened its ability to help design teams achieve their system-on-chip (SoC) development goals by providing them with a more comprehensive portfolio of production-proven, high-quality IP and excellent worldwide technical support.

Under the terms of the agreement, Synopsys paid $12.00 cash per Virage Logic share, resulting in a transaction value of approximately $315 million, or approximately $289 million net of cash acquired.

In addition to M&A representation, Jones Day provided benefits, antitrust, intellectual property, tax and finance advice regarding this transaction.