Bloomberg : Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week — Marvell Technology Inc. is in advanced talks to buy data center optics maker Lumentum Holdings Inc., according to people familiar with the matter …
Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week (Bloomberg)
In short
Marvell Technology Inc. is actively engaged in advanced discussions to acquire data center optics manufacturer Lumentum Holdings Inc., according to people familiar with the matter. A formal agreement between the companies could be made public as soon as next week. Lumentum currently boasts an approximate market valuation of $83 billion. Additional specific details regarding the terms of the potential transaction have not yet been disclosed.
Key points
- Advanced acquisition discussions are currently underway between Marvell Technology and Lu…: Advanced acquisition discussions are currently underway between Marvell Technology and Lumentum Holdings.
- Further terms and specific details regarding the proposed transaction remain undisclosed.: Further terms and specific details regarding the proposed transaction remain undisclosed.
- The impending deal could be formally announced to the public within the coming week.: The impending deal could be formally announced to the public within the coming week.