Marvell to acquire Lumentum in $115 billion AI connectivity deal
Headline from CBS News · First reported · Updated · 5 sources, 5 articles
Marvell
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What's being reported
Marvell Technology said megadeal for Lumentum will help the merged company serve the growing market for AI data centers.
Summary from CBS News. Read every outlet's version below.Same story, different headlines
Left2
Nvidia’s Huang Gave Blessing to Marvell-Lumentum Megadeal
The heads of Marvell Technology Inc. and Lumentum Holdings Inc. got the blessing of Nvidia Corp.’s Jensen Huang before striking their nearly $103 billion tie-up.
Driven by A.I. Boom, Marvell and Lumentum Announce $115 Billion Merger
Marvell and Lumentum said they were combining, in a major bet on a technology, known as optical networking, that is increasingly being used in A.I. data centers.
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Marvell and Lumentum shareholders unite in panning merger deal: ‘It’s a trash offer’
Shares of both companies fell Monday after Marvell said it reached an all-stock agreement to buy Lumentum.
Marvell to acquire Lumentum in $115 billion AI connectivity deal
Marvell Technology said megadeal for Lumentum will help the merged company serve the growing market for AI data centers.
