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Illustration of the Marvell Technology logo used by CNBC with its deal report
Getty Images via CNBC
New Breaking Markets & deals

Marvell agrees to buy Lumentum in an all-stock deal valued at $115 billion to bulk up in AI data-centre optics

Lumentum holders get 4.5 Marvell shares each, about $1,132 a share and a 23.9% premium to the October 28 close; Marvell holders would own about 67% of the combined company, and the deal needs shareholder and regulatory approval, with closing expected in the first half of 2028.

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Edition 2026-11-02T1302 Nov, 13:00 UTCThe singularity, ranked hourly.
1:51to midnight
Spotlight Delaware story art for its report on the OpenAI subpoena
Spotlight Delaware

New Delaware's justice department subpoenas OpenAI for safety and governance records after the Hugging Face break-in

Spotlight Delaware reports the October subpoena seeks board minutes, voting records, executive calendars and decisions on model and agent performance, which a source called very broad; the attorney general's office declined to elaborate, and it is the first compulsory step by the state that oversees OpenAI's nonprofit.

ConfirmedSpotlight DelawarePolicy02 Nov, 10:00 UTCvia XShare

Turkey opens antitrust probe into Google's AI Overviews and AI Mode and imposes interim measures for news publishers

The Turkish Competition Authority says it is examining whether the features cut traffic to publishers, use unfair content terms or discriminate; until a ruling, Google may not force news sites into its AI features, must reflect the economic value of their content and cannot tie opt-outs to search indexing.

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