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Nvidia-Backed Marvell, Lumentum Could Be Nearing a Deal
Marvell is reportedly moving toward a deal with Lumentum.
Credit: Tayfun Coskun / Anadolu via Getty Images
KEY TAKEAWAYS
Marvell is in advanced talks to buy Lumentum, with an announcement possible next week, according to reports.
A deal would give Marvell more direct access to a major laser supplier.
Chip designer Marvell Technology and optical components maker Lumentum could be moving toward a merger.
Shares of Marvell Technology (MRVL) were down more than 14% in recent trading, while Lumentum (LITE) climbed a bit less than 1%, after Bloomberg said Marvell is in advanced talks to buy…
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