Marvell Proposes Acquiring Lumentum to Combine Optical Circuit Switching with AI Connectivity Silicon
Marvell announced its intention to acquire Lumentum in a $115B acquisition to further optical connectivity in the AI era
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Marvell plans to purchase Lumentum for $115 billion to expand optical networking reach
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Marvell Technology has announced plans to acquire optical component maker Lumentum Holdings in a massive $115 billion transaction. Under the agreed terms, Lumentum shareholders will receive 4.5 Marvell shares for each unit of stock they hold. That valuation equates to approximately $1,132 per share, representing a 23.9% premium over Lumentum's last unaffected stock price. [1][2]
The transaction aims to integrate optical circuit switching technology directly with AI connectivity silicon, allowing Marvell to broaden its optical infrastructure offerings. The move comes as demand surges for advanced, high-speed optical networking to support modern artificial intelligence workloads. [1]
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Marvell to acquire optical component maker Lumentum in massive $115B deal
Marvell Technology Inc. today announced plans to acquire Lumentum Holdings Inc. for $115 billion, in one of the largest deals in tech history. Lumentum investors are set to receive 4.5 Marvell shares for every unit of stock they own. That translates to about $1,132 per share, which is 23.9% higher than the company’s last unaffected…
via SiliconANGLE