Marvell to buy Lumentum in US$115 billion all-stock deal
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In 50 words
Chip designer Marvell has agreed to buy optical chip maker Lumentum in an all-stock deal valued at US$115 billion, including debt. Marvell will give 4.5 of its shares for each Lumentum share. It should close in the first half of 2028, pending shareholder and regulator approval.
Why it matters
TechCrunch describes it as one of the biggest acquisitions in tech history. Marvell says the deal would make it a leader in AI connectivity, from chips to data centres.
What's next
The deal is expected to close in the first half of calendar year 2028 if shareholders of both companies and regulators agree.
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Sources
- TechCrunchView original →
