Marvell's $115-Billion Lumentum Deal Loses Value Amid Share Drop

Marvell Technology's falling share prices have significantly eroded the implied value of its all-stock acquisition offer for Lumentum. The deal, initially valued at $115 billion, has lost nearly a third of its worth on paper. This decline reflects broader market volatility affecting semiconductor stock valuations. The development raises questions about the future structure and success of the proposed corporate merger.