SAN JOSE, Calif., June 4 (UPI) -- Software maker Cadence Design Systems Inc. is talking with a least two U.S. private-equity firms about selling the company, a published report said Monday.
The world's largest supplier of electronic design technologies and engineering services used to design computer chips is talking with Kohlberg Kravis Roberts & Co. and the Blackstone Group, and other suitors may emerge, The New York Times said.
A deal for the $6.4 billion San Jose, Calif., company may fall through due to complicated risks in the company's business, the newspaper said.
Other private-equity firms have considered a Cadence buyout but passed, the newspaper said.
Kohlberg Kravis, Blackstone and Cadence representatives would not comment on the report.
A Cadence buyout would be one of private equity's biggest moves into technology, a sector firms have avoided because of its volatility and need for capital, the Times said.
