Marvell to buy Lumentum for $115 bn to boost AI data center bet
NEW DELHI: Marvell Technology said on Monday that it entered into a definitive agreement to acquire optical components maker Lumentum in an all-stock transaction valued at $115 billion.
Lumentum stockholders will receive a fixed exchange ratio of 4.500 shares of Marvell common stock for each share of Lumentum common stock they own. The transaction has an implied enterprise value of $115 billion for Lumentum, the companies said in a joint statement.
