Marvell Agrees to Acquire Lumentum in $115 Billion All-Stock Deal

Marvell Technology has agreed to acquire optical component giant Lumentum in an all-stock transaction valued at $115 billion, including debt. The combined entity will integrate Marvell's custom silicon business with Lumentum's optical component operations to address the increasingly critical high-speed optical interconnect bottlenecks in hyperscale data center buildouts. People familiar with the matter revealed that both parties secured the support of NVIDIA CEO Jensen Huang prior to the official announcement; NVIDIA had previously invested $2 billion in each company.