Marvell to Acquire Lumentum at $115 Billion Valuation
Marvell Technology announced the acquisition of Lumentum Holdings early Monday. The deal values Lumentum at $115 billion.
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02:34:03 PM UTC
SquawkNews
MARVELL SHARES FALL 5.11% AFTER COMPANY AGREES TO BUY LUMENTUM IN $115 BLN DEAL
02:38:20 PM UTC
SquawkNews
LEAD 5-Marvell va racheter Lumentum dans le cadre d'une opération de 115 milliards de dollars, misan
By Kit NortonMarvell Technology may have picked the worst time to decide to acquire Lumentum Holdings at a valuation of $115 billion.The acquisition, announced early Monday, wasn't much of a surprise to Wall Street after Bloomberg reported last week the two companies were in advanced talks.But now…