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· Marvell acquisition of Lumentum

Marvell to Acquire Lumentum in $115 Billion Deal for AI Data Centers

Marvell Technology has agreed to acquire Lumentum in a $115 billion transaction aimed at expanding its presence in artificial intelligence data center infrastructure.

Headquarters of Marvell Technology in Santa Clara, California, 2011
Headquarters of Marvell Technology in Santa Clara, California, 2011 · Photo: King of Hearts · CC BY-SA 3.0 · Wikimedia Commons

Marvell Technology has reached an agreement to acquire Lumentum in a deal valued at approximately $115 billion, news agency Reuters and Greek newspaper Naftemporiki reported.

According to the reports, the transaction marks one of the largest acquisitions in tech history. The move represents a major bet on the data center sector, aimed at addressing the expanding needs of artificial intelligence infrastructure.

Further details regarding the terms of the agreement, the transaction structure, and the timeline for its completion have not yet been released.

Sources: Reuters, Naftemporiki

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