Marvell to buy Cavium for $6 billion

November 21, 2017 // By Peter Clarke
Marvell to buy Cavium for $6 billion
Storage and networking chip vendor Marvell Technology Group Ltd. (Santa Clara, Calif.) is set to acquire networking and data center processor vendor Cavium Inc. (San Jose, Calif. ) for about $6 billion.

The two companies have agreed a deal under which Marvell will pay half of the $80 per share offer in cash at $40 per share and the rest by way of stock in the form of 2.1757 Marvell common shares for each Cavium share.

The deal is expected to close in mid-2018 and Marvell will then be a company with approximately $3.4 billion in annual revenue.

The two companies argue that their product lines are complementary.

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