CNBC December 2, 2025
Key Points
– Semiconductor company Marvell on Tuesday announced that it will acquire Celestial AI for at least $3.25 billion in cash and stock.
– The purchase price could increase to $5.5 billion if Celestial hits revenue milestones, Marvell said.
– The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.
Semiconductor company Marvell on Tuesday announced that it will acquire Celestial AI for at least $3.25 billion in cash and stock.
The purchase price could increase to $5.5 billion if Celestial hits revenue milestones, Marvell said.
Marvell shares rose 13% in extended trading Tuesday as the company reported third-quarter earnings that beat expectations and said on the earnings call that it expected...
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