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Marvell to acquire Lumentum in $115 billion AI connectivity deal

Covered by 4 outlets ·First reported ·Updated
CNBCMarvell to acquire Lumentum in $115 billion AI connectivity deal
Image: CBS News

What the coverage says

Marvell Technology has announced plans to purchase Lumentum in a transaction valued at $115 billion, according to CBS News. The combined firm intends to focus on the expanding market for artificial intelligence data centers, as CBS News also outlined. CNBC added that the all-stock agreement is structured as "a massive bet on AI connectivity" and is anticipated to finalize in the initial half of 2028.

Written by HeadlineShine from 2 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.

Read the full story on CBS News

Timeline

  1. CNBC first reported it
  2. CBS News reported it
  3. TechCrunch reported it
  4. New York Times reported it
  5. Latest update
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