Marvell Agrees to Acquire Lumentum for 115 Billion Dollars
The deal is expected to close in the first half of 2028 following approval by shareholders and regulators.
On November 2, 2026, Marvell and Lumentum announced in Santa Clara and San Jose (California) an agreement to merge the companies. The estimated value of Lumentum under the deal is 115 billion dollars, with shareholders receiving 4,500 Marvell shares for each Lumentum share.
The companies will combine electrical and optical technologies to develop solutions for connectivity in artificial intelligence infrastructure. Marvell expects the deal to expand the combined company’s accessible market to 550 billion dollars.
Both parties anticipate achieving over 1 billion dollars in annual cost savings after the deal’s completion. The closing is scheduled for the first half of 2028 and is subject to approval by the shareholders of both companies and regulatory authorities.
