03/11/2026
One of the biggest tech deals ever just landed — and it is all about the pipes behind AI.
• Marvell agreed to buy Lumentum in an all-stock deal with an enterprise value of $115 billion (TechCrunch, 2 Nov 2026).
• Each Lumentum share converts into 4.5 Marvell shares, about $1,132 per share — a 23.9% premium to the 28 Oct close (company announcement, via Motley Fool coverage).
• The deal is expected to close in the first half of 2028, subject to shareholder and regulatory approval — and both shares fell on the news, Marvell down about 13% (Motley Fool).
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