Marvell Technology has agreed to acquire Lumentum in an all-stock transaction valued at $115 billion, bringing together two Silicon Valley companies involved in data-centre components and artificial-intelligence infrastructure.
The companies said the combination would create a “leader in AI connectivity”. The deal reflects the growing importance of connectivity components in data centres supporting artificial-intelligence workloads.
Lumentum makes components for data centres, while Marvell is the acquiring company. The transaction was announced as an all-stock deal, with no further terms provided in the available information.
Sources: Financial Times.