Marvell in Final Talks to Acquire Lumentum
Bloomberg reports that Marvell is in final negotiations to acquire Lumentum.
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11:21:11 PM UTC
SquawkNews
Shares of Lumentum Holdings Inc (LITE) soared 10% after hours on Wednesday following a report that Marvell Technology is in talks to buy it in a potential megadeal.A deal between Marvell and the data center optics maker could be announced as soon as next week, Bloomberg reported, citing unnamed peo…