Lumentum’s stock pops as investors cheer a possible sale to Marvell

Marvell Technologies is currently in advanced talks to acquire Lumentum, a specialist in data center optics. According to Bloomberg, an agreement between the two companies could be announced as early as next week. This potential transaction would represent one of the largest deals in the semiconductor industry, given that Lumentum maintains a market capitalization exceeding $80 billion. Following these reports, Lumentum stock experienced a price increase as investors reacted positively to the possible sale.