Deals & regulation
Marvell agrees to buy Lumentum for $115 billion in major AI data-center optics deal
Marvell Technology has agreed to acquire data-center optics maker Lumentum in a $115 billion all-stock transaction, creating one of the largest technology tie-ups and the top merger announced in 2026 so far, according to the supplied report. Marvell shareholders would own 67% of the combined company. The deal is aimed at capturing demand linked to artificial intelligence, but it is not expected to close until the first half of 2028.
Editorial summary · Publisher article
What matters
- The transaction values Lumentum at an enterprise value of $115 billion.
- The deal is structured as an all-stock acquisition.
- Marvell shareholders would own 67% of the combined company.
- The companies expect the transaction to close in the first half of 2028.
Why this made the edition
The publisher article supplies the transaction value, structure, ownership split, strategic rationale, and expected closing window, meeting the evidence threshold for a consequential technology deal.
Source material