Cadence is EDA and cosmic is in design, not sure if they want to acquire Cosmic. I guess its more to do with financial stability of cosmic.Let us see whats the vision of Cadence CEO on being one of the board of directors.
Interesting. It seems a wild prediction I made last month will soon materialize :) . This seems like a first step by cadence towards the acquisition of cosmic. (see above link "Cosmic to develop IP for Globalfoundries")