Marvell is reportedly in advanced discussions to buy Lumentum
LITE•LITE•LITE•LITE•Marvell Technology is reportedly in advanced talks to buy Lumentum Holdings, with a deal possibly announced as soon as next week. Lumentum shares rose about 11% in extended trading, while Marvell shares fell more than 8%.
Marvell Technology is in advanced talks to buy photonic product maker Lumentum Holdings, Bloomberg News reported, citing people familiar with the matter. The discussions are private, and a deal could be announced as soon as next week.
Lumentum shares rose about 11% in extended trading following the report, while Marvell shares fell more than 8%. Marvell had about $3.92 billion in cash and cash equivalents as of its latest quarter.
Lumentum makes optical components used in communications networks and data centers. Marvell raised its fiscal 2028 revenue forecast earlier this month to $20 billion from $15 billion, citing demand for custom AI chips and networking products used in data centers.
