Marvell to Acquire Lumentum in $115B All-Stock Deal — SkimNews
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- Marvell agreed to acquire Lumentum in a $115 billion all-stock deal aimed at rivaling Broadcom, while Nvidia invested $2 billion in each company in 2026.
- Lumentum was up 128% year to date, giving it an approximately $76 billion market capitalization as the acquisition was described as 2026’s top M&A deal and one of technology’s biggest ever.
Why it matters: For Marvell, the $115 billion all-stock agreement expands its optical-components position and is explicitly tied to its goal of rivaling Broadcom; ranking as 2026’s top M&A deal makes the move unusually large. Lumentum’s roughly $76 billion market value, 128% year-to-date rise and Nvidia’s $2 billion investment in each company add substantial financial and ownership stakes.
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