Marvell Technology is in advanced discussions to buy Lumentum Holdings, which makes lasers and optical components used to move data between servers in artificial intelligence data centres, and a deal could be announced as soon as next week, Bloomberg reported, citing people familiar with the matter. Lumentum has a market value of about 83 billion dollars against Marvell’s roughly 221 billion dollars, and the two companies have not reached a final agreement, so the terms and timing could still change. Lumentum shares rose 15 percent in after-hours trading after the report and Marvell shares fell 11 percent, while rival optics maker Coherent rose 4.3 percent.
Marvell in advanced talks to buy Lumentum, Bloomberg reports
Marvell Technology is in advanced talks to acquire Lumentum Holdings, the data centre optics maker valued at about 83 billion dollars, in a deal that could be announced as soon as next week, Bloomberg reported on Wednesday, citing people familiar with the matter.
Why it matters: An acquisition at that scale would bring a core supplier of lasers for artificial intelligence data centres inside one of its largest customers, and it follows Nvidia's 2 billion dollar investment in Lumentum earlier this year.
Data as of Bloomberg report of October 28, 2026, as carried by Investing.com and Seeking Alpha and read in this run; the talks are single-sourced to Bloomberg's unnamed people familiar with the matter, neither company has confirmed them, and no final agreement has been reached. Developing item.
Sources
- Marvell nears deal for optical supplier Lumentum to bolster hardware, report says - Investing.com - 2026-10-28
- Lumentum jumps on report Marvell in advanced talks to acquire - Seeking Alpha - 2026-10-28