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Marvell, Lumentum merge in $115 billion deal amid AI spending jitters
Source: techxplore.com
M&A & RestructuringArtificial IntelligenceTechnology & InnovationInvestor Sentiment & Positioning
Marvell Technology said it will acquire optical components maker Lumentum in a $115 billion all-stock deal, as AI infrastructure companies seek greater scale. The deal comes as investors increasingly question whether the industry's spending boom will pay off.
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