Marvell to buy Lumentum in $115 billion all-stock deal

Marvell Technology Inc. has signed a definitive merger agreement to acquire Lumentum for an enterprise value of $115B, combining two of the biggest players in the data center optics market into one company. As AI infrastructure continues to scale, optical connectivity is becoming increasingly important for moving vast amounts of data between processors, racks, data centers, and even on the accelerator board itself.