- Marvell Technology Inc. is in advanced talks to buy data center optics maker Lumentum Holdings Inc., according to people familiar with the matter.
- The people said a deal could be announced as soon as next week, and the discussions are private.
- Lumentum has a market value of about $83 billion, while Marvell is worth about $221 billion.
- The report frames the potential deal as part of the race to scale up in artificial intelligence.
Quotes
“Marvell Technology Inc. is in advanced talks to buy data center optics maker Lumentum Holdings Inc., according to people familiar with the matter”
“A deal could be announced as soon as next week”