Lumentum CEO touts 'enormous' opportunity in massive AI connectivity deal with Marvell
Lumentum CEO Michael Hurlston said Marvell Technology’s acquisition of Lumentum creates an "enormous" AI connectivity opportunity. The fixed‑ratio deal gives Lumentum shareholders 4.5 Marvell shares per Lumentum share, implying a $115 billion enterprise value for Lumentum. The transaction is expected to close in the first half of 2028.
Source: Lumentum CEO touts 'enormous' opportunity in massive AI connectivity deal with Marvell — CNBC
A daily AI-made news meme from Jester · Nov 2, 2026.
Topics: ai · marvell · lumentum · techdeal · semiconductors · siliconvalley
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Mega-fusion in AI: Marvell plans $115 billion takeover of Lumentum