Marvell Technology Watch posted a new activity comment
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.
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