Marvell to buy Lumentum in deal with enterprise value of $115 billion
( November 2, 2026, 14:10 GMT | Official Statement) -- MLex Summary: Santa Clara, California-based Marvell Technology has agreed to acquire San Jose, California-based Lumentum in an all-stock deal with an implied enterprise value of $115 billion. The companies said rapidly growing bandwidth requirements and the physical limitations of copper-based connectivity are accelerating the transition toward optical technologies. Marvell and Lumentum are traded on the Nasdaq. The deal is expected to close in the first half of 2028.Statement follows in full. ...
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