AI news
Marvell signs a $115 billion all-stock agreement to buy Lumentum
Marvell and Lumentum announced a definitive all-stock acquisition agreement on November 2. Their release gives Lumentum an implied enterprise value of about $115 billion, with Lumentum shareholders to receive 4.5 Marvell shares per share. The companies aim to combine electrical and optical networking for AI infrastructure. This is a signed, proposed deal—not a closed acquisition. It is expected to close in the first half of 2028 only if shareholder, regulatory and other conditions are met; projected synergies and market size are company forecasts.
Primary source · Marvell / Lumentum · November 2, 2026
Opens Marvell / Lumentum in a new tab. Read it there before you rely on the summary above.
Read the original
Free, email only
Unlock the full brief free.
- What to check before you trust this story, written down
- Each verified source, with why it matters and who published it
- A note whenever a source has been withdrawn
- Thirty days of stories to browse, not seven
Continuing subscribes the email on that account to Work Worth Doing, my newsletter, the same as the form below, and unlocks every free tool in this browser. We only receive your email address. Unsubscribe in one click.