# Marvell to buy Lumentum in a $115 billion AI connectivity deal

> Original title: Lumentum CEO touts 'enormous' opportunity in massive AI connectivity deal with Marvell

- Source: CNBC · Technology
- Published: 2026-11-02T14:23:40.000Z
- Bad Influence: https://badinfluence.news/items/e22g4dlofqz7yfol6th05nx8o
- Original: https://www.cnbc.com/2026/11/02/marvell-lumentum-ai-deal.html

## Summary

Marvell 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.

## Why 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.