00:00Marvell Technology is acquiring optical technology company Lumentum in an all-stock deal with an
00:05implied enterprise value of approximately $115 billion. Lumentum shareholders will receive 4.5
00:13shares of Marvell stock for each share they own, giving them roughly 33 percent of the combined
00:18company. The deal brings together Marvell's semiconductor and networking technology with
00:24Lumentum's lasers and optical components, which are increasingly critical to connecting powerful
00:29AI data centers. The companies are betting that demand for faster, more energy-efficient AI
00:34infrastructure will make optical connectivity one of the industry's biggest growth markets.
