Marvell agrees to buy Lumentum in roughly $80 billion all-stock deal

[The Information] Chip designer Marvell Technologies agreed Monday to acquire laser maker Lumentum in an all-stock deal valued at around $80 billion, according to The Information. The deal underscores how the AI investment boom has lifted Lumentum's value. Marvell designs chips for data centers, networking and storage systems, and is buying one of the market's key players.