GoKawiilMarvell to acquire Lumentum in $115B all-stock deal
Marvell has agreed to acquire optical chip and networking equipment maker Lumentum in an all-stock transaction valued at $115 billion including debt, with an equity value of roughly $80 billion. Under the terms, Marvell will exchange 4.5 shares of its stock for each Lumentum share, with the deal expected to close in the first half of 2028 pending shareholder and regulatory approval.