4 hours ago - Business
Marvell and Lumentum to merge in $115 billion blockbuster
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Marvell Technology on Monday said that it will buy optical components maker Lumentum for $115 billion in stock.
Why it matters: This is the largest merger ever between public tech companies.
- It's also a major vote of confidence in the AI data center boom, admist a broader market pullback.
By the numbers: Lumentum stockholders would receive the equivalent of $1,132 per share, representing a 23.9% premium to where shares traded before news of a possible deal leaked last week.
