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BusinessQuiet 12d · day 12

Marvell to acquire Lumentum for $115B in tech's largest AI-era deal

The data center laser maker acquisition sets multiple Wall Street records for 2026.

What to know

  • Marvell's $115 billion all-equity acquisition of Lumentum marks the largest M&A deal in global technology history, excluding SpaceX-xAI.
  • The transaction closes at $1,132 per share for the data center laser manufacturer.
  • 2026 now holds the record for most announced M&A deals valued at $10 billion or more.

Marvell Technology Inc. Acquiring companyLumentum Holdings Inc. Target company

How it unfolded 1 development · click the chart to see its coverage articles

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Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11yesterdaynow · 9:13 PM ET
  1. 1

    Deal sets multiple 2026 M&A records

    The Marvell-Lumentum transaction becomes the top M&A deal of 2026 on an equity basis and gives the year the record for most announced M&A valued at $10 billion or more.

    “Marvell Technology Inc.'s $115 billion takeover of data center laser maker Lumentum Holdings Inc. will move Wall Street past a number of mergers and acquisitions milestones in a year already chock-full of megadeals.”
    — Bloomberg Law · source
  2. background

    Marvell agrees to acquire Lumentum for $115 billion — Marvell Technology announced an agreement to take over data center laser maker Lumentum Holdings Inc. in an all-equity transaction at $1,132 per share, marking the largest M&A deal in global technology sector history (excluding SpaceX-xAI).

Also covered reported alongside — the timeline has no entry for these yet

  1. first by Bloomberg, 11d ago · also Bloomberg Law