Marvell agrees to buy Lumentum in an all-stock deal, a large consolidation in AI optical interconnect
Marvell and Lumentum announced an all-stock deal on November 2: each Lumentum share will be exchanged for 4.5 Marvell shares, implying an enterprise value of about $115 billion. The deal is expected to close in the first half of 2028 and still needs approval from both companies' shareholders and regulators.
Why it matters
Competition in AI clusters is spreading beyond GPUs to high-speed interconnect, lasers, packaging and optics. The deal has not closed, and the synergies are only the companies' expectations.
Sources1
Written by dalao.ai: the title, summary and why it matters are our own words. The original reports are the record; their publishers keep authorship.