Marvell Technology and Lumentum announced a $115 billion deal that would combine the two companies, according to reports from CBS News and The New York Times. Both outlets tied the transaction to demand for technology used in artificial intelligence data centers, though they described its structure differently.
CBS News reported that Marvell Technology will acquire Lumentum in what the company called a megadeal. According to the report, Marvell said the deal will help the merged company serve "the growing market for AI data centers."
Don Clark's report in The New York Times described the deal as a $115 billion merger in which Marvell and Lumentum are combining. The headline said the transaction was driven by the A.I. boom, and the report described it as a major bet on optical networking, a technology it said is increasingly used in A.I. data centers.
The two accounts differ on structure. CBS News described Marvell as acquiring Lumentum, while The New York Times described the companies as combining in a merger. The summaries of the two reports do not say how ownership would be divided after the transaction.
The summaries of both reports also do not include further financial terms, a timetable, or any regulatory steps.
Sources: CBS News: Marvell to acquire Lumentum in $115 billion AI connectivity deal; The New York Times: Driven by A.I. Boom, Marvell and Lumentum Announce $115 Billion Merger.