Marvell to buy Lumentum in a $115 billion AI connectivity deal
AIMarvell Technology said it will buy optical components maker Lumentum at an implied enterprise value of $115 billion, with Lumentum shareholders receiving 4.5 Marvell shares per Lumentum share. Because the deal is a fixed ratio with no cash, its value will depend on Marvell's share price, and it is expected to close in the first half of 2028.
AIWhy it matters.
The deal's fixed share-exchange terms tie its value to Marvell's share price, which matters for judging what the $115 billion figure actually means.
Source details
CNBC · Technology · cnbc.comPublished · added here
Original title: Lumentum CEO touts 'enormous' opportunity in massive AI connectivity deal with Marvell