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Marvell Technology has agreed to buy Lumentum in an all-stock deal, CNBC Top News reported on November 2, 2026. The transaction is described as a bet on AI connectivity and is expected to close during the first half of 2028. The sources reviewed did not give the deal value, the exchange ratio or any market reaction to the announcement.

Sources:CNBC Top News

1 outlet · 1 article · first seen Nov 2, 10:10 AM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • XLK closed at 179.51, down 4.89%, on 2026-10-30. Listed for: Technology sector ETF.

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