PANews
PANews|Oct 28, 2026 21:22
[Marvell Reportedly in Talks to Acquire Lumentum, Shares Rise About 17% in After-Hours Trading] According to Bloomberg, sources familiar with the matter revealed that semiconductor company Marvell is in advanced talks to acquire data center optical communication equipment manufacturer Lumentum, with the deal potentially announced as early as next week. No final agreement has been reached yet, and details and timing are still subject to change. Lumentum currently has a market capitalization of approximately $83 billion, while Marvell's is approximately $221 billion. Following the news, Marvell's US-listed shares fell about 8% in after-hours trading, while Lumentum's rose about 17%. Earlier this year, Nvidia invested $2 billion in Lumentum.
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