U.S. News

Cadence Design Buyout Talks Stall Over Price: N.Y. Times


Talks aimed at a possible takeover of Cadence Design by two private equity firms have stalled over price, The New York Times reported in its Internet edition on Monday.

The maker of software for designing computer chips has held talks with Kohlberg Kravis Roberts and The Blackstone Group, but discussions have been suspended according to the report, which cited people close to the matter.

At $6.5 billion, Cadence may be too expensive for the firms, the Times said. The Times first reported interest in Cadence on June 4.

Neither Blackstone, KKR nor Cadence immediately returned calls seeking comment.