Marvell in talks to acquire Lumentum, Bloomberg reports
Overview
Marvell is in talks to acquire Lumentum, the data center optical component maker, according to Bloomberg, which says an announcement could come as soon as next week.
No final agreement has been reached. IThome reports Lumentum's market value at about $83 billion and Marvell's at about $221 billion, and says the two companies' shares moved sharply in opposite directions after hours.
Written by AI from the articles below · updated Oct 29, 5:52 AM ET
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The articles in this story. Times are ET.
- IThome · AINewsMarvell reportedly nears a deal to acquire Lumentum for AI optical links
AIBloomberg reports that Marvell is negotiating to acquire data center optical component maker Lumentum, with an announcement possibly next week. No final agreement has been reached. Lumentum has a market value of about $83 billion and Marvell about $221 billion, and after-hours shares moved sharply in opposite directions.
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