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

Marvell agreed to acquire optical components maker Lumentum in a $115B all-stock deal including debt, about $1,132 per share and a roughly 23.9% premium. The combined company targets AI infrastructure's shift toward optical connectivity, with a projected $550B addressable market.

• Marvell Investor Day: Connectivity lifts outlook to $20 billion2026-10-07