Marvell buys Lumentum for US$115 billion in an AI data-centre bet

The chipmaker is buying Lumentum, a maker of optical components that move data at high speed in AI data centres, in an all-stock deal including debt.

Premium for Lumentum shareholders

23.9 %

Marvell will pay US$1,132 per share in stock, a 23.9 per cent premium to Lumentum's last unaffected closing price on Oct 28.

Background

Nvidia invested US$2 billion in each company earlier this year, and the deal adds muscle to Marvell in its race with rival Broadcom.

What we know

Not yet

The deal is expected to close in the first half of 2028 if both companies' shareholders and regulators agree.

Tech · 1 d ago

Marvell buys Lumentum for US$115 billion in an AI data-centre bet

The chipmaker is buying Lumentum, a maker of optical components that move data at high speed in AI data centres, in an all-stock deal including debt.

Marvell will pay US$1,132 per share in stock, a 23.9 per cent premium to Lumentum's last unaffected closing price on Oct 28.

Nvidia invested US$2 billion in each company earlier this year, and the deal adds muscle to Marvell in its race with rival Broadcom.

The deal is expected to close in the first half of 2028 if both companies' shareholders and regulators agree.

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