AILight Readingabout 2 hours ago
Marvell Agrees to Buy Lumentum for $115 Billion
3 min read
Marvell Technology agreed Monday to acquire Lumentum in an all-stock deal valued at about $115 billion, offering 4.5 Marvell shares per Lumentum share. The merger combines silicon photonics with laser manufacturing to address AI networking demand, creating a firm led by Marvell CEO Matt Murphy.
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