Marvell is buying Lumentum for $115B: what the optical bet means for AI cluster power, and what a fixed 4.5x exchange ratio really locks in
TL;DR On November 2, 2026, Marvell Technology and Lumentum announced a definitive agreement under which Marvell will acquire Lumentum in an all-stock deal valued at an implied enterprise value of $115 billion. Each Lumentum share converts into 4.500 Marvell shares, Lumentum holders would own about…
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- 2026-11-02 13:25 · DEV Community — Machine Learning
Marvell is buying Lumentum for $115B: what the optical bet means for AI cluster power, and what a fixed 4.5x exchange ratio really locks in