Marvell agrees to buy Lumentum in a $115 billion deal
AI · First reported 2 Nov, 12:15 · Updated 13:01
Marvell Technology has reached a deal to acquire data center optics maker Lumentum Holdings. Bloomberg describes the deal at a $115 billion enterprise value, while The Information calls it an all-stock deal.
- Marvell Technology has reached a deal to buy Lumentum Holdings, which Bloomberg describes as a maker of data center optics.
- Bloomberg puts the deal at an enterprise value of $115 billion; The Information describes it as an all-stock deal.
- Bloomberg frames the deal as part of a race to benefit from the artificial intelligence boom and calls it one of the biggest tech tie-ups ever.
Summary written by Lux AI from 2 articles
Key facts
- Buyer
- Marvell Technology Inc.
- Company to be acquired
- Lumentum Holdings Inc.
- Reported value
- $115 billion enterprise value, according to Bloomberg.
- Deal structure
- All-stock, according to The Information.
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Left 0 · Centre 5 · Right 0 of 5 rated sources
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- Corporation 80% (4)
- Unknown 20% (1)
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