Jonah Lupton: MRVL to acquire LITE for $115 billion in all stock deal

Jonah Lupton: MRVL to acquire LITE for $115 billion in all stock deal
MRVL to buy LITE for $115 billion

MRVL has announced it will acquire LITE in an all stock transaction valued at $115 billion. LITE's market cap at the close on Friday was $76 billion, indicating a premium of approximately 50%, though this premium may fluctuate based on where MRVL trades.

Jonah Lupton, an investor and market commentator, shared this update.

Lupton previously reported that MRVL shares fell 12% on speculation of a LITE acquisition, bringing the stock down 35% from its highs and highlighting its valuation below 30x CY2027 EPS forecasts (article). In another recent update, he noted Marvell’s raised revenue guidance to $20 billion for FY2028, citing growth in connectivity (article). These developments preceded MRVL’s formal offer for LITE.

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