Marvell to acquire Lumentum in $115bn all-stock AI connectivity deal

Marvell has agreed to acquire data centre component maker Lumentum in an all-stock deal valued at $115 billion, according to the companies.

The Silicon Valley companies said the transaction would create a “leader in AI connectivity”. The announcement places the deal within the companies’ broader push to meet demand linked to artificial intelligence infrastructure.

The available information did not include further details about the transaction’s terms, timetable or expected impact on the two businesses.

Sources: Financial Times.