GoKawiilMarvell to acquire Lumentum in $115 billion all-stock deal
Marvell has agreed to buy optical components maker Lumentum in an all-stock transaction with an implied enterprise value of $115 billion. Lumentum shareholders will receive 4.5 Marvell shares for each share they hold, with the deal expected to close in the first half of 2028. Marvell CEO Matt Murphy said the combination targets a shift toward optical connectivity in AI infrastructure.