Monday, November 20, 2017

Marvell Buying Cavium For Around $6 Billion

Santa Clara-based Marvell Technology Group Ltd. is buyin San Jose-based Cavium, in a deal worth approximately $6 billion, the two said this morning. According to the two, Marvell will pay $40.00 per share in cash plus 2.1757 Marvell common shares for each share of Cavium. Marvell is a developer of semiconductor for the storage, networking, and wireless market; Cavium develops processors, networking communications, storage, and security semiconductors.