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Marvell Technology Group completed its acquisition of Aquantia Corp. for approximately US$452 million, combining Marvell's networking solutions with Aquantia's Multi-Gig automotive PHYs.
Marvell Technology Group announced a definitive agreement to acquire all outstanding shares of Aquantia Corp. for $13.25 per share in cash. The acquisition strengthens Marvell's Ethernet portfolio for automotive, enterprise, data center and access markets.