Marvell Technology, Inc. entered into a definitive agreement to acquire Xconn Technologies Holdings Inc for approximately $550 million.
Marvell Technology, Inc. has entered into a definitive agreement to acquire Xconn Technologies Holdings Inc for approximately $550 million. The acquisition, valued at about $540 million, will be paid in a mix of 60% cash and 40% stock, expecting to be accretive to Marvell's non-GAAP earnings and contribute approximately $100 million in revenue by fiscal 2028. The deal is anticipated to close in early calendar 2026, pending customary closing conditions and regulatory approvals.
https://www.marketscreener.com/news/marvell-technology-inc-agreed-to-acquire-xconn-technologies-holdings-inc-for-approximately-550-mi-ce7e59dfdd8ff725