Marvell reaches deal to buy Lumentum at $115 billion enterprise value

Marvell has reached a deal to buy data center optics maker Lumentum at an enterprise value of $115 billion, one of the biggest tech tie-ups ever, in a race to capitalize on the AI boom. Lumentum holders will receive 4.5 Marvell shares per share, a 23.9% premium, and own roughly 33% of the combined company.

Detected & updated continuously · Source: Nebula