Marvell agrees $115 billion all-stock deal to buy Lumentum

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• Marvell's $115B Lumentum acquisition is one of the biggest tech deals ever and 2026's top M&A deal; Lumentum is up 128% YTD, giving it a ~$76B market cap (Bloomberg)

  The mega-transaction significantly expands the buyer's footprint in data center optical hardware amid booming infrastructure demand. This monumental takeover sets a fresh high-water mark for corporate consolidations this year while capitalizing on substantial market momentum. The substantial premium underscores the strategic necessity of high-capacity optical components in modern technology ecosystems.

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