Marvell Technology is buying Lumentum in a $115 billion all-stock deal, including debt. Other reported transactions include XRG’s $1.45 billion purchase of Shell’s North West Shelf stake and Turkish companies’ sales of their TOGG stakes for €184 million each.
Marvell Technology is buying optical components maker Lumentum in a $115 billion all-stock deal, including debt. The article describes it as one of the tech industry’s largest takeovers and a bet that AI build-out will fuel chip demand for years.
Abu Dhabi’s XRG will buy Shell’s stake in the Woodside Energy-operated North West Shelf project for $1.45 billion, giving the ADNOC subsidiary its first Australian asset. Four shareholders in Delfin reportedly rejected Leonardo Maria Del Vecchio’s offer to buy their stakes.
Vestel Elektronik and Anadolu Group Holding said they agreed to sell their stakes in electric vehicle maker TOGG to Turkey’s sovereign wealth fund and Turkcell for €184 million ($206 million) each. Marsh acquired Newport, Rhode Island-based marine and yacht broker Triton Insurance Agency.
