Marvell’s AI Megadeal Hands Wall St Multiple M&A Milestones

Marvell Technology Inc.'s $115 billion takeover of data center laser maker Lumentum Holdings Inc. will push Wall Street past several mergers and acquisitions milestones in a year already full of megadeals. The deal, announced this week, underscores the AI boom's demand for optical technology, making it one of the largest tech acquisitions of the year.