Lumentum Deal Sets Marvell's $115 Billion All-Stock Terms

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TechCrunch reports that chip designer Marvell agreed to acquire optical networking maker Lumentum through an all-stock deal with an enterprise value of $115 billion, including debt. Marvell will provide 4.5 shares for each Lumentum share, while the deal's equity value is about $80 billion. The transaction ranks among the biggest acquisitions in tech history, compared with Microsoft's $68.7 billion Activision Blizzard deal. The video outlines the terms, shared Nvidia investors and the expected closing timeline.  Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.

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00:00Chip designer Marvel has agreed to buy optical networking maker Lumentum.

00:04The all-stock deal has an enterprise value of $115 billion, including debt.

00:09The equity value is about $80 billion.

00:12Marvel will give 4.5 shares of its stock for each Lumentum share.

00:16That makes it one of the biggest acquisitions in tech history.

00:19For comparison, Microsoft bought Activision Blizzard for $68.7 billion in 2022.

00:26Dell bought EMC for $67 billion in 2016.

00:29The two companies share a major investor.

00:31In March, NVIDIA invested $2 billion in Lumentum to support research and factory expansion.

00:37Later that month, NVIDIA invested another $2 billion in Marvel.

00:42Marvel says it will become a leader in AI connectivity, with products from chips to data centers.

00:47The deal is expected to close in the first half of 2028.

00:51Disclosure, this video contains stock footage and content created or enhanced using AI-assisted tools.

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