Marvell agreed on 2 November 2026 to buy laser and optical-transceiver maker Lumentum in an all-stock deal that combines electrical and optical AI connectivity, at an implied enterprise value for Lumentum of $115 billion, a premium of approximately 23.9%
Marvell, in its Form 8-K Ex. 99.1 filing on November 2, 2026, reported the implied enterprise value for Lumentum as $115 billion. This value represents a premium of approximately 23.9% based on each company’s unaffected closing share price as of October 28, 2026.
Verified 2026-11-03
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Chip designers are paying up to own the optical links that carry data between AI chips, a sign that connectivity is becoming as strategic as the processors themselves.
- Price
- $219.88
- 30D
- -36.59%
- AI share of revenue
- 79%
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