MARVELL IS REPORTEDLY IN ADVANCED TALKS TO BUY LASER MAKER LUMENTUM AT A ROUGHLY $91B VALUATION

Summary from the TLDR Hardware newsletter

Marvell is in advanced talks to buy Lumentum, which makes the lasers and optical modules that move data between AI servers, with an announcement possible as soon as next week. Lumentum rose about 11% after hours to a roughly $91 billion valuation, while Marvell fell more than 8%. Marvell held only about $3.9 billion in cash last quarter. Neither company has confirmed the talks.