Marvell to buy Nvidia-backed Lumentum in a $115bn all-stock deal

T2Covered by 1 source · first reported by TNW at 02 Nov, 13:07 UTC

Marvell Technology has agreed to buy Lumentum in an all-stock deal. Lumentum makes lasers and other optical parts for AI data centres. The two companies valued Lumentum at $115bn, including debt, when they announced the deal on Monday. Lumentum shareholders will get 4.5 Marvell shares for each…