Marvell Reportedly Nears Deal for Lumentum

Bloomberg reported October 28, 2026, that Marvell is nearing a deal to acquire Lumentum Holdings, though no definitive agreement is signed. Market values are about $83 billion for Lumentum and $221 billion for Marvell, per Bloomberg. Lumentum's optical components, which move data as light, are reportedly sold out through early 2029 on AI data center demand. Terms, price and financing remain undisclosed.