Benzinga | Jul 20, 2021 06:04PM EDT

Autodesk Says Terminates Acquisition Discussions With Altium

Autodesk, Inc. (NASDAQ:ADSK) today announced that it has terminated discussions to acquire Altium Limited (ASX: ALU).

"Autodesk has a long track record of disciplined strategic acquisitions," said Andrew Anagnost, CEO of Autodesk. "While we did verbally improve our initial proposal, we were unable to agree on the basis to advance discussions. We respect the leadership team at Altium and wish them the best with their business."