Context: Lumentum investors would receive 4.5 Marvell shares for each Lumentum share in the $115 billion deal.
From SiliconANGLE: Marvell Technology Inc. today announced plans to acquire Lumentum Holdings Inc. for $115 billion, in one of the largest deals in tech history. Lumentum investors are set to receive 4.5 Marvell shares for every unit of stock they own.
Bloomberg reports Marvell is in advanced talks to buy Lumentum, which makes the lasers that move data between AI chips; a deal could be announced as soon as next week.
Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week — Marvell Technology Inc.
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