Marvell Technology Watch posted a new activity comment
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.