TechCrunchJulie Bort
In one of the largest deals in tech history, Marvell buys Lumentum for $115B
This makes the deal one of the biggest acquisitions in tech history. It compares to Microsoft buying Activision Blizzard for $68.7 billion in 2022 and Dell buying EMC for $67 billion in 2016.Interestingly, the two companies have one major shareholder in common: Nvidia.
Later that same month, Marvell announcedthat Nvidia invested $2 billionin an effort to beef up Marvell’s optical networking and chips portfolio.With Lumentum, Marvell says it will become a leader in AI connectivity, with products that range from chips to data centers. The transaction is expected to close in the first half of calendar year 2028, should both companies’ shareholders, and regulators, agree.
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