Lumentum goes from $1 billion spinoff to $115 billion takeover
FROM THE WIRE · FINANCE.YAHOO.COM
(Bloomberg) -- In 2015, executives at the Silicon Valley hardware firm known then as JDSU spun off a division making optical components and commercial lasers, believing the unit would be better off chasing growth opportunities on its own. Most Read from Bloomberg Ray-Ban Heir…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA very large takeover in optical and data-center chips can move the involved stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Lumentum was spun off in 2015 with a market value of roughly $1 billion.
- 02It now generates more than $1 billion of sales in a single quarter.
- 03The takeover is valued at $115 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Lumentum Holdings Inc.684.40 USDMarket closedtoday -18.59%Positive Marvell Technology, Inc.171.41 USDMarket closedtoday -12.72%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets