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Reviewed file photo — King of Hearts / Wikimedia Commons, CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0/). Unaltered Marvell offices in Santa Clara, 15 May 2011; archival context, not the November 2026 deal announcement.

Economy

Marvell agrees to buy Lumentum in $115 billion AI infrastructure deal

The all-stock agreement announced November 2 still requires approvals.

Source reporting: 2026-11-02 12:08:00 UTC

By Lebanese Lobby Newsdesk 3 h ago · 1 min read
✓ Verified against multiple independent sources
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Marvell announced on November 2 that it had agreed to acquire optical-components maker Lumentum in an all-stock transaction with a $115 billion enterprise value, including debt. Reuters and Axios independently reported the deal. The companies expect completion in the first half of 2028, subject to shareholder and regulatory approvals. The photograph shows Marvell offices in 2011.

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