Marvell is reportedly close to buying Lumentum. Analysts say they see logic in a potential deal.
Shares in Lumentum Holdings rose 5.5% in premarket trading as investors weighed a potential combination with Marvell Technology.
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- Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week (Bloomberg) bloomberg.com
- Marvell in advanced talks to buy Lumentum: Bloomberg News economictimes.indiatimes.com
- Lumentum’s stock pops as investors cheer a possible sale to Marvell marketwatch.com
