Autodesk abandons acquisition of PTC, one of the potential largest deals in the software industry this year falls through

Autodesk has decided to abandon its acquisition plan for PTC, which could have become one of the largest mergers and acquisitions in the global software industry. Since the acquisition news was first reported on July 8, Autodesk's stock price has fallen by more than 10% at one point. As of the time of writing, Autodesk's stock price has rebounded by 3.45%, while PTC's stock price has dropped by 1.72%. Autodesk stated that it will continue to allocate capital through organic investments and complementary acquisitions, without specifically mentioning PTC. Analysts pointed out that the high transaction costs and the opposition from Starboard Value may be the main obstacles