Marvell to acquire Lumentum for $115 billion in record AI connectivity deal as shares fall 3%

Published 02 Nov 2026, 20:29 IST

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center · 1 outlet

Marvell will acquire Lumentum for $115 billion in a record deal to expand its AI connectivity business, even as shares of both companies fall.

— Hindustan Times
right · 1 outlet

Marvell and Lumentum shares have dropped after Marvell announced that it will be acquiring Lumentum in a $115 billion all stock deal. Marvell will be able to expand its AI data centre and optical networking technologies after the acquisition. The acquisition will help Marvell compete with Broadcom…

— The Economic Times

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Marvell will acquire Lumentum for $115 billion in a record deal to expand its AI connectivity business, even as shares of both companies fall.

Coverage arrived over 0 hours — first from The Economic Times, latest from Hindustan Times.

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Hindustan Times Center HT Media Current article 02 Nov 2026, 20:29 IST

Marvell to acquire Lumentum for $115 billion in record AI connectivity deal as shares fall 3%

Marvell will acquire Lumentum for $115 billion in a record deal to expand its AI connectivity business, even as shares of both companies fall.

Read full article at Hindustan Times ↗

The Economic Times Center-Right Bennett, Coleman & Co. 02 Nov 2026, 19:34 IST

Why are Marvell and Lumentum share prices down over $115 billion acquisition?

Marvell and Lumentum shares have dropped after Marvell announced that it will be acquiring Lumentum in a $115 billion all stock deal. Marvell will be able to expand its AI data centre and optical networking technologies after the acquisition. The acquisition will help Marvell compete with Broadcom…

Compare on Varta → Read at The Economic Times ↗