Morningstar

Marvell, Lumentum to Combine in $115 Billion Deal

Provided by Dow Jones Nov 2, 2026, 12:40:00 PM

By Connor Hart

Marvell Technology and Lumentum will merge in an all-stock deal valued at about $115 billion, including debt, creating what they call a category leader in artificial-intelligence connectivity.

Under the terms of the agreement, Lumentum stockholders will receive a fixed-exchange ratio of 4.5 shares of Marvell common stock for each share of Lumentum common stock they own, the companies said Monday.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 02, 2026 07:40 ET (12:40 GMT)

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