Marvell Reaches $115 Billion Deal for Lumentum Holdings

$115 billion for a company that makes the light bulbs in the data center. The AI boom doesn't need a product, just a pulse.

Marvell Technology Inc. has reached a deal to buy data center optics maker Lumentum Holdings Inc. at an enterprise value of $115 billion, one of the biggest tech tie-ups ever, in a race to capitalize on the artificial intelligence boom.

Read it at Bloomberg Technology ↗

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