Marvell Lumentum Acquisition Talks Put AI Data Center Optics in Focus
Marvell Technology is in advanced talks to buy Lumentum Holdings, Bloomberg News reported Wednesday, citing people familiar with the matter, and the market reaction showed just how large this Marvell Lumentum acquisition could be. Lumentum shares rose about 11% in extended trading after the report, Reuters said, valuing the optics maker at roughly $91 billion at that moment. Marvell shares fell more than 8% in the same stretch. By Thursday early afternoon, the split had widened rather than closed. Lumentum rose about 4% more, while Marvell fell more than 12%, according to Reuters Breakingviews. No deal has been signed, Bloomberg’s report said the talks were still private, and a formal announcement could come as early as next week. Neither company immediately responded to Reuters’ requests for comment. ...