Marvell is in advanced talks to buy Lumentum
Marvell Technology is in advanced talks to acquire Lumentum, the data-center optics maker, Bloomberg reported Wednesday, citing people familiar with the matter, and a deal could come as soon as next week. Bloomberg put Lumentum's market value at about $83 billion before the report and Marvell's at about $221 billion. Lumentum rose about 11% ; Marvell fell 9.3%.
Lumentum makes the lasers and optical parts that carry data between AI servers, and its chief executive told Bloomberg this month the company is almost sold out for 2029. Buying it would give Marvell its own supply of the component everyone is short of. Bernstein analysts said a deal that size would be hard to pay for in cash, and Stifel noted it would need Chinese regulatory approval as well as American. SourcesBBB
Sources
- BMarvell is said to near deal for Lumentum in AI-related megadeal (Bloomberg)bloomberg.com
- BMarvell in advanced talks to buy Lumentum, Bloomberg News reports (MarketScreener)marketscreener.com
- BMarvell nears deal for optical supplier Lumentum (Investing.com)investing.com
This story ran in the Morning Brief of October 29th 2026.