Marvell to buy Nvidia-backed Lumentum in a $115bn all-stock deal
The deal, announced Monday as an all-stock transaction, values Lumentum at $115 billion including debt. Lumentum shareholders will receive 4.5 Marvell shares per share held. Lumentum specializes in optical components and lasers critical to AI data center infrastructure, making this a significant consolidation play in the semiconductor and optical supply chain supporting AI hardware.
Key points
- Marvell to acquire Lumentum in all-stock deal valued at $115 billion including debt
- Exchange ratio: 4.5 Marvell shares per Lumentum share
- Lumentum's optical and laser components serve AI data center markets
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