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via finance.yahoo.comBusiness & Companies

Marvell to buy Lumentum for $115B in all-stock deal

FROM THE WIRE · FINANCE.YAHOO.COM

Custom chip designer Marvell has signed a deal to acquire optical chip and networking equipment maker Lumentum in an all-stock deal with an enterprise value of $115 billion (including debt) and an equity value of about $80 billion. Marvell will provide 4.5 shares of its common…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralOne of the largest tech acquisitions ever could reshape optical and chip markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The deal has an enterprise value of $115 billion and equity value of about $80 billion.
  2. 02Marvell will provide 4.5 of its shares for each Lumentum share.
  3. 03Nvidia invested $2 billion in each of the two companies.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Marvell Technology, Inc.MRVLStock174.16 USD-2.12%today -11.32%Negative Lumentum Holdings Inc.LITEStock691.75 USD-3.05%today -17.72%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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