# 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. - Type: Acquisition - Announced: 2026-11-01 - Where: Santa Clara, California & San Jose, California, United States - Value: $115.0B - Status: announced - Products: optical connectivity solutions, AI infrastructure components - Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md) ## Companies - [Marvell Technology, Inc.](https://endata.com/companies/14949.md) (acquirer) - [Lumentum](https://endata.com/companies/14950.md) (target) ## Sources - [investor.lumentum.com](https://investor.lumentum.com/financial-news-releases/news-details/2026/Marvell-and-Lumentum-to-Combine-Creating-a-Category-Leader-in-AI-Connectivity/default.aspx), 2026-11-02: "Marvell and Lumentum to Combine, Creating a Category Leader in AI Connectivity" - [investor.marvell.com](https://investor.marvell.com/news-events/press-releases/detail/1040/marvell-and-lumentum-to-combine-creating-a-category-leader-in-ai-connectivity), 2026-11-02: "The transaction has an implied enterprise value of $115 billion for Lumentum, representing approximately $1,132 per share of Lumentum common stock." - [markets.ft.com](https://markets.ft.com/data/announce/detail?dockey=600-202611020705BIZWIRE_USPRX____20261102_BW374788-1), 2026-11-02: "The AI infrastructure industry is at an inflection point." - [businesswire.com](https://www.businesswire.com/news/home/20261102374788/en/Marvell-and-Lumentum-to-Combine-Creating-a-Category-Leader-in-AI-Connectivity), 2026-11-02: "The AI infrastructure industry is at an inflection point." - [cnbc.com](https://www.cnbc.com/2026/11/02/marvell-to-buy-lumentum-in-115-billion-deal-in-ai-data-center-bet-.html), 2026-11-02: "By buying Lumentum - a company roughly half its size - Marvell is betting that Big Tech's AI spending boom is here to stay." - [sectracker.app](https://sectracker.app/en/MRVL/filing/0001193125-26-442717), 2026-11-02: "Marvell entered into a merger agreement with Lumentum on November 1, 2026." - [ukrmedia.news](https://ukrmedia.news/en/science-tech/marvell-lumentum-115-billion-deal/), 2026-11-02: "This is one of the largest corporate deals of the year, which is set to strengthen Marvell's position in its competition with Broadcom in the artificial intelligence infrastructure market." - [tokenpost.com](https://www.tokenpost.com/news/business/46469), 2026-11-02: "The companies say the proposed combination aims to build an industry leader in AI connectivity." - [sec.gov](https://www.sec.gov/Archives/edgar/data/1835632/000119312526442714/d81187dex991.htm), 2026-11-02: "The combination is expected to create a broad full-stack connectivity portfolio that is intended to enable end-to-end extreme co-design, high-volume production of fully-optimized, pre-validated optical solutions and faster time to market for customers." - [factlen.com](https://factlen.com/news/marvell-agrees-to-acquire-optical-chipmaker-lumentum-in-115-billion-all-stock-ta-38803-2bf988fd), 2026-11-02: "Marvell Technology has reached an agreement to acquire optical components manufacturer Lumentum in a $115 billion all-stock transaction." - [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/marvell-reaches-115-billion-deal-for-lumentum-holdings), 2026-11-02: "Marvell Technology Inc. agreed to buy Lumentum Holdings Inc. at an enterprise value of $115 billion, clinching one of the largest technology deals in history in a push to capitalize on runaway data center spending." - [news.jkn.co.kr](https://news.jkn.co.kr/editions/english/post/1066465), 2026-11-02: "Marvell Technology has announced a merger agreement to acquire Lumentum Holdings in an all-stock deal valued at approximately $115 billion, aimed at securing optical connectivity technology for AI data centers." - [unite.ai](https://www.unite.ai/marvell-agrees-to-acquire-lumentum-in-all-stock-ai-connectivity-deal/), 2026-11-02: "Marvell Technology and Lumentum said in a joint announcement on November 2, 2026, that they had entered a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction with an implied enterprise value of $115 billion." - [technodehq.com](https://technodehq.com/marvell-proposes-acquiring-lumentum-to-combine-optical-circuit-switching-b548c05b/), 2026-11-03: "Marvell Technology has entered into a definitive agreement to acquire optical component and switching manufacturer Lumentum Holdings in an all-stock transaction valued at an implied enterprise value of approximately $115 billion." - [idcnova.com](https://www.idcnova.com/news/Marvell-to-Acquire-Lumentum-in-115-Billion-All-Stock-Deal-to-Build-AI-Connectivity-Leader), 2026-11-03: "Marvell Technology and Lumentum have agreed to combine in an all-stock transaction valued at an implied enterprise value of $115 billion for Lumentum, creating what the companies describe as a category leader in AI connectivity spanning electrical and optical technologies." - [heise.de](https://www.heise.de/en/news/With-Nvidia-s-blessing-Marvell-plans-115-billion-purchase-of-Lumentum-11508794.html), 2026-11-03: "The acquisition is expected to expand Marvell's addressable market to a total of $550 billion, the companies said." - [thelec.net](https://www.thelec.net/news/articleView.html?idxno=15221), 2026-11-03: "Marvell Technology said November 2 that it would acquire optical components maker Lumentum in a $115 billion all-stock transaction." - [trendforce.com](https://www.trendforce.com/presscenter/news/20261103-13294.html), 2026-11-03: "The acquisition would significantly strengthen Marvell's optical technology portfolio and enable the combined company to deliver more comprehensive next-generation optical interconnect solutions." - [eet-china.com](https://www.eet-china.com/mp/a536667.html), 2026-11-04: "Marvell官宣收购Lumentum" - [ledinside.com](https://www.ledinside.com/intelligence/2026/11/2026_11_04_02), 2026-11-04: "Marvell has officially announced its acquisition of optical communications giant Lumentum, with both companies’ boards approving the transaction on November 2." - [chipdispatch.com](https://chipdispatch.com/articles/marvell-lumentum-merger-would-hold-near-7-of-wired-comms-market), 2026-11-04: "Marvell is acquiring Lumentum in a $115 billion deal, subject to shareholder and regulatory approval." - [metafront.news](https://metafront.news/next-front-ai-investment-expands-into-photonic-chips-power-and-robotics-with-a-series-of-ma-and-fundraising-deals/), 2026-11-04: "U.S. chipmaker Marvell signed an agreement to acquire optical communications company Lumentum at an enterprise value of $115 billion." - [dqindia.com](https://www.dqindia.com/semiconductors/marvell-and-lumentum-to-combine-creating-category-leader-in-ai-connectivity-12783676), 2026-11-04: "Marvell Technology Inc. and Lumentum have entered into a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction." - [tomshardware.com](https://www.tomshardware.com/tech-industry/semiconductors/marvell-to-buy-lumentum-in-usd115-billion-all-stock-deal-combined-company-to-supply-scale-up-and-scale-in-optics-for-ai-data-centers), 2026-11-05: "Marvell Technology Inc. has signed a definitive merger agreement to acquire Lumentum for an enterprise value of $115 billion." - [xmt.pub](https://xmt.pub/read/58400), 2026-11-05: "Marvell Technology Inc. has signed a definitive merger agreement to acquire Lumentum for an enterprise value of $115 billion, combining two of the biggest players in the data center optics market into one company." - [semiconductor-digest.com](https://www.semiconductor-digest.com/marvell-and-lumentum-announce-combination/), 2026-11-05: "Marvell Technology, Inc. and Lumentum today announced that they have entered into a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction." --- Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.