Announced
Financials
Tags
Hostile
Australia
Single Bidder
Acquisition
Public
Majority
Software
software development
Cross Border
Failed
Synopsis
Autodesk, an American multinational software corporation, withdrew its $3.9bn offer to acquire Altium, an Australian-listed software maker. Altium rejected the offer, claiming it undervalued the firm. Autodesk had been looking to leverage Altium’s electronics design software with its engineering and manufacturing software platforms to provide its users with a host of applications under one cloud network.
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