Anhata Rooprai / Reuters : Marvell agrees to acquire optical components maker Lumentum in a $115B deal, as it seeks to rival Broadcom; Nvidia invested $2B in both Marvell and Lumentum — Marvell Technology (MRVL.O) is buying optical-components maker Lumentum (LITE.O) in a deal valued at $115 billion …
Marvell agrees to acquire optical components maker Lumentum in a $115B deal, as it seeks to rival Broadcom; Nvidia invested $2B in both Marvell and Lumentum (Anhata Rooprai/Reuters)
In short
Marvell Technology has reached an agreement to purchase optical components manufacturer Lumentum for $115 billion. The massive transaction is intended to help the company position itself as a more formidable rival to Broadcom. In conjunction with the buyout, Nvidia stepped in to provide $2 billion in funding split between both participating businesses.
Key points
- Consolidating optical components is central to establishing a stronger rival to Broadcom.: Consolidating optical components is central to establishing a stronger rival to Broadcom.
- Nvidia is actively backing key semiconductor and optical players with targeted multi-bill…: Nvidia is actively backing key semiconductor and optical players with targeted multi-billion-dollar investments.
- The optical components sector is undergoing massive consolidation through unprecedented m…: The optical components sector is undergoing massive consolidation through unprecedented multi-billion-dollar acquisitions.