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Illustration of the Marvell Technology logo used by CNBC with its deal report
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Confirmed 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 2026-11-02T1902 Nov, 19:00 UTCThe singularity, ranked hourly.
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Photo published by CNBC with its report on Anthropic's amended S-1 filing
Getty Images via CNBC

Anthropic's amended IPO filing shows $17.0 billion of third-quarter revenue and $895.4 billion of compute commitments

The S-1/A filed with the SEC on Monday puts nine-month revenue at $33.242 billion against $2.545 billion a year earlier and a $104 billion net loss, mostly from fair-value changes on convertible notes and derivatives; about $69.8 billion of the commitments fall due within 12 months.

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