BusinessPhoto: Mint CompaniesMarvell to Acquire Lumentum in $115 Billion All-Stock Deal
Marvell Technology is acquiring optical components maker Lumentum in an all-stock deal valued at $115 billion, including debt. The acquisition aims to strengthen Marvell's position in the AI infrastructure market and challenge rival Broadcom. Marvell will pay $1,132 per Lumentum share, a 23.9% premium, expanding their combined market to $550 billion amid growing AI data center demand.
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