Tech AI LatestMarvell agrees to buy Lumentum in a $115B all-stock deal to combine AI chips and optics
Marvell agreed on 2 November to buy Lumentum for 4.5 Marvell shares per Lumentum share, about $115 billion in enterprise value, joining AI chips and optics.
Summary
Marvell Technology agreed on 2 November 2026 to buy Lumentum in an all-stock deal valued at about $115 billion in implied enterprise value. Lumentum holders get 4.5 Marvell shares for each share and would own about 33% of the combined company. The companies pitch the deal as one supplier for the chips and lasers that move data inside AI data centers. It needs stockholder and regulatory approval and is expected to close in the first half of 2028.