Marvell to Acquire Lumentum for $115 Billion

Marvell Technology will acquire optical device manufacturer Lumentum for $115 billion. The deal value includes Lumentum's debt, making it one of the largest acquisitions of 2026.

Lumentum produces lasers and other devices for data centers that enable fast data transfer between chips. Demand for such technologies has grown significantly alongside the development of artificial intelligence systems. By acquiring Lumentum, Marvell will strengthen its position in this market and compete more actively with Broadcom.

Lumentum shareholders will receive 4.5 Marvell shares for each share they hold, with the offered price exceeding Lumentum's previous trading price by 23.9%.

The deal is expected to close in the first half of 2028 and requires regulatory approval. Following the announcement, shares of both companies fell, as some investors considered the purchase price too high.

Source: Reuters