Marvell to acquire Lumentum in $115B all-stock deal

Marvell Technology, Inc. and Lumentum announced a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction valued at $115 billion enterprise value. The deal combines electrical and optical technologies for AI connectivity. The announcement was made on November 2, 2026.

“Marvell and Lumentum to Combine, Creating a Category Leader in AI Connectivity”investor.lumentum.com

• 16 sources
• investor.lumentum.comLumentum - Marvell and Lumentum to Combine, Creating a Category Leader in AI ConnectivityNov 2, 2026
• investor.marvell.comMarvell and Lumentum to Combine, Creating a Category Leader in AI Connectivity | Marvell Technology, Inc. (MRVL)Nov 2, 2026
• markets.ft.comMarvell and Lumentum to Combine, Creating a Category Leader in AI Connectivity – Company Announcement - FT.comNov 2, 2026
• businesswire.comMarvell and Lumentum to Combine, Creating a Category Leader in AI ConnectivityNov 2, 2026
• cnbc.comMarvell to buy Lumentum in $115 billion deal in AI data-center bet

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