December 1, 2004 – Synopsys Inc., Mountain View, CA, has agreed to purchase Nassda Corp., a Santa Clara, CA-based provider of verification software for nanometer semiconductors, in an all-cash transaction of $7.00/share, valued at an aggregate of approximately $192 million. Upon closing the acquisition, outstanding lawsuits pursued by Synopsys against Nassda and certain officers, directors, and employees will be settled to the tune of $61.6 million. In a company statement, Rex Jackson, VP and general counsel of Synopsys, commented, “By acquiring Nassda rather than continuing through the courts, Synopsys can preserve Nassda’s products and continue long-term support of Nassda’s customers.” The acquisition is subject to approval by the majority holders of Nassda’s common stock.