From TechCrunch · Julie Bort · · 1m 10s
Marvell buys Lumentum for $115B in tech mega-deal
Custom chip designer Marvell acquires optical networking company Lumentum in an all-stock deal worth $115 billion, one of the largest acquisitions in tech history.
In brief
Custom chip designer Marvell acquires optical networking company Lumentum in an all-stock deal worth $115 billion, one of the largest acquisitions in tech history. Marvell agreed to buy optical chip maker Lumentum for $115 billion in an all-stock deal, creating one of tech's largest acquisitions and positioning…
Marvell signs $115B deal for Lumentum
Custom chip designer Marvell has agreed to acquire optical chip and networking equipment maker Lumentum in an all-stock deal with enterprise value of $115 billion including debt.
Deal ranks among tech's biggest ever
The acquisition compares to Microsoft buying Activision Blizzard for $68.7 billion in 2022 and Dell buying EMC for $67 billion in 2016, making it one of the largest in tech history.
Nvidia invested in both companies
Nvidia invested $2 billion in Lumentum in March for advanced laser components and R&D, then invested another $2 billion in Marvell the same month to strengthen optical networking and chips.
Deal expected to close in 2028
Marvell says the deal will make it a leader in AI connectivity with products ranging from chips to data centers.
The key point
Marvell agreed to buy optical chip maker Lumentum for $115 billion in an all-stock deal, creating one of tech's largest acquisitions and positioning Marvell as an AI connectivity leader.
