Monday · Nov 2, 2026 · Morning Digest · ai-tech
Marvell to acquire Lumentum in $115B all-stock deal
Lumentum holders get 4.5 Marvell shares each, about a 23.9% premium. The tie-up pairs chip interconnects with optical lasers for AI data centers; it needs approvals and targets a 1H 2028 close.
References
- Marvell and lumentum to combine creating a category leader in ai connectivityinvestor.marvell.com · investor.marvell.com · 2026-11-02