The AI Read

Two plain glass office towers with no emblems, a smaller one and a much larger one, an executive by the smaller tower reaching a hand toward the larger one

The smaller tower sunk a little way into the ground, still upright, as onlookers watch

The larger tower standing slightly taller, with an unsigned contract lying on a table between the two executives

Illustration, AI-generated from the story text. Tap a panel to enlarge.

Morning Brief · October 30th 2026

Updated

Marvell loses 13% on its reported Lumentum talks

Marvell fell about 13% to around $220 on Thursday morning after Bloomberg reported it was in advanced talks to buy Lumentum, which rose about 6%. That took roughly $30 billion off an acquirer pursuing a target worth about $83 billion. Morningstar put the odds of the deal completing below 50%, and Bernstein said it would probably need more financing. No agreement has been announced. SourcesC B

Sources

CMarvell Sinks 13%, Lumentum Jumps 6% on Reported Acquisition Talks (24/7 Wall St.)247wallst.com
BMarvell: Blockbuster Lumentum Deal Looks Tempting, but Risks a Steep Overpay (Morningstar)morningstar.com

This story ran in the Morning Brief of October 30th 2026.

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