[Marvell Announces All-Stock Acquisition of Lumentum for Approximately $115 Billion, Expanding its AI Optical Interconnect Market] According to a report by DeepFlow TechFlow on November 2nd, Marvell Technology announced that it has reached a definitive acquisition agreement with optical communication technology company Lumentum to acquire the latter in an all-stock transaction, implying an enterprise value of approximately $115 billion. Under the agreement, Lumentum shareholders will receive 4.5 shares of Marvell stock for every 1 share they hold, equivalent to approximately $1,132 per share, representing a premium of approximately 23.9% over the closing price on October 28th, before the acquisition rumors. Upon completion of the transaction, Marvell and Lumentum's existing shareholders will hold approximately 67% and 33% of the combined company, respectively. This acquisition will integrate Marvell's semiconductor and network interconnect technologies with Lumentum's laser, optical transceiver, and other optical communication technologies. Both parties anticipate that the combined company will expand its potential market size to $550 billion, generating over $1 billion in cost synergies annually. The transaction is expected to close in the first half of 2028, subject to shareholder and regulatory approvals.