Marvell Is Reportedly in Advanced Talks to Buy Lumentum for Its AI Optics
4 Articles
4 Articles
Marvell Wants Lumentum. Here's Why Coherent Could Win.
Marvell's reported bid for Lumentum is sending shockwaves through the optical networking sector, but the company with the most to gain from this deal may not be either party sitting at the negotiating table.
Marvell is in advanced negotiations to acquire Lumentum, strengthening its AI business. An announcement of the deal is expected as early as next week. Meanwhile, MRVL shares fell 8.39%, while LITE shares surged 4.15% during overnight trading. The post Marvell pushes forward with massive Lumentum acquisition deal, expanding into the AI market; announcement expected next week appeared first on Business Online Stock News.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium





