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The Marked Chart Wire · Business

HotMarvell Lumentum

Marvell to buy Lumentum in $115 billion stock deal

Marvell agreed to acquire Lumentum for approximately $115 billion, valuing the target at $1,132 per share. The all-stock transaction aims to expand Marvell's AI infrastructure capabilities and is expected to close in the first half of 2028.

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The stocks in this story

  1. MRVL-6.4%Marvell Technology$183.76
  2. LITE-10.7%Lumentum$750.66

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AI Spending

Alphabet seeks €3.5 billion in new euro bonds

Alphabet is reportedly raising at least €3.5 billion through a seven-tranche bond offering as AI spending concerns push up borrowing costs. The company's credit default swap spread reached a record high following recent earnings.

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