Sunday, November 5th 2017

Marvell Looks to Acquire Cavium

Stocks of both Marvell and Cavium rallied over the weekend as reports emerged of Marvell entering talks to acquire the network equipment SoC giant. Cavium specializes in network infrastructure equipment SoCs, such as the famed ThunderX processor, while Marvell holds IP in networking and storage. There are no details as to the value of the acquisition. Shares of Marvell rose 5 percent, and those of Cavium by a staggering 17 percent, as reports of the deal emerged. Tech stocks could rally big on Monday, if Marvell and Cavium close the deal, and Broadcom inches closer to close its $100 billion bid to acquire Qualcomm.

Source: Investor's Business Daily
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