Marvell Proposes $115 Billion Lumentum Acquisition

Marvell Technology announced today a definitive agreement to acquire Lumentum in an all-stock transaction valued at about $115 billion. The deal aims to merge Marvell's silicon portfolio with Lumentum's optical circuit switching and laser capabilities to address AI infrastructure bottlenecks. Following settlement, Marvell shareholders will own 67% of the new company, while Lumentum shareholders will own 33%.