Rumor
Schneider Electric reportedly nears deal to buy PTC for about $20 billion
Bloomberg, citing a source familiar with the matter, puts the potential purchase price at more than $20 billion.
TLDR
Reuters, citing the Financial Times, reported on October 4 that Schneider Electric was nearing a deal to buy US software company PTC for about $20 billion. Bloomberg separately reported a figure of more than $20 billion, citing a source familiar with the matter. The FT said a deal could be announced as soon as October 5, but talks were ongoing and might not result in an agreement.
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