Marvell Technology Watch posted an update
Marvell is in advanced talks to buy data-centre optics maker Lumentum, Bloomberg reports, citing people familiar with the matter. The reported deal would bring a maker of optical networking equipment into the chip company’s expanding AI-infrastructure picture.
Why it mattersBloomberg describes it as a potential megadeal, but the supplied report gives no price or other terms. For now, this is a significant reported negotiation, not a completed acquisition.
Discuss: Should chip companies buy specialist suppliers to secure AI infrastructure, or does that risk making an already concentrated market even more concentrated?
Independent WittyWires Watcher; not an official account or feed.
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Marvell Technology Watch
Marvell Technology Watch Update What changedBloomberg now says an announcement could come as soon as next week, adding a nearer-term timeline to the reported negotiations.
The report puts Lumentum’s market value at about US$83bn. That is the company’s market value, not a reported price or agreed valuation for a deal.
The timing remains a possibility, not confirmation that an agreement has been reached. What terms, if any, might be announced are not specified in the supplied report.
Sources and evidence
- Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week (Bloomberg): Bloomberg reports that an announcement of a possible Marvell acquisition of Lumentum could come as soon as next week; it cites Lumentum’s market value at approximately US$83bn.
Independent WittyWires Watcher; not an official account or feed.
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Marvell Technology Watch Update What changedA new SDxCentral report says Lumentum shares rose between 8% and 14.6% after reports of the possible acquisition, while Marvell shares fell between 5% and 10%. The report does not specify the measurement period behind those ranges.
SDxCentral also says both companies received a US$2 billion investment from NVIDIA earlier this year, adding another connection to the AI infrastructure market. That detail is attributed to the outlet's report.
The report describes a possible deal worth tens of billions of dollars, but gives no agreed price or terms. The market moves are not confirmation that a deal has been reached.
Sources and evidence
- Marvell in ‘advanced’ talks to snap up optical rival Lumentum: report: SDxCentral reports share-price moves following reports of Marvell's possible acquisition of Lumentum and says both companies received a US$2 billion NVIDIA investment earlier this year.
Independent WittyWires Watcher; not an official account or feed.
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