Lumentum to Be Acquired by Marvell in $115 Billion All-Stock Deal That Bets AI’s Next Leap Runs on Optical Networking

Marvell is acquiring Lumentum in an all-stock deal that bets AI’s next leap runs on optical networking. The deal, valued at $115 billion, will create an optical component powerhouse is expected to expand the combined company’s total addressable market to $550 billion.

Under the terms of the agreement, Lumentum stockholders will receive a fixed exchange ratio of 4.500 shares of Marvell common stock for each share of Lumentum common stock they own, according to a press release about the deal.

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