Activist Elliott takes multibillion-dollar stake in Synopsys, WSJ reports

Elliott plans to engage with Synopsys to push the business to make more money from its ​software and services, the report said.
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There is a “clear ​opportunity for Synopsys’ financial performance to more fully reflect ⁠the value it delivers,” Elliott Managing Partner Jesse Cohn ​told the Journal, adding that “as AI drives a step change ​in chip complexity and capital investment, Synopsys is uniquely positioned to benefit from this growth.”