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Marvell Technology agreed to acquire Lumentum Holdings in an all-stock merger valued at $115bn including debt, closing in the first half of 2028. Nvidia took $2bn stakes in both companies separately. Matt Murphy leads combined entity.
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Summary by ByteBrief

Marvell agrees to buy Lumentum in $115bn deal

Marvell agrees to acquire optical components maker Lumentum in a $115B deal, as it seeks to rival Broadcom; Nvidia invested $2B in both Marvell and Lumentum (Anhata Rooprai/Reuters)

Marvell Talks to Buy Lumentum for $10B