00:00Chip designer Marvel has agreed to buy optical networking maker Lumentum.
00:04The all-stock deal has an enterprise value of $115 billion, including debt.
00:09The equity value is about $80 billion.
00:12Marvel will give 4.5 shares of its stock for each Lumentum share.
00:16That makes it one of the biggest acquisitions in tech history.
00:19For comparison, Microsoft bought Activision Blizzard for $68.7 billion in 2022.
00:26Dell bought EMC for $67 billion in 2016.
00:29The two companies share a major investor.
00:31In March, NVIDIA invested $2 billion in Lumentum to support research and factory expansion.
00:37Later that month, NVIDIA invested another $2 billion in Marvel.
00:42Marvel says it will become a leader in AI connectivity, with products from chips to data centers.
00:47The deal is expected to close in the first half of 2028.
00:51Disclosure, this video contains stock footage and content created or enhanced using AI-assisted tools.
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