Plus   Neg

Marvell Technology Reportedly Nears Deal To Buy Inphi For About $10 Bln

Marvell Technology Group Ltd. (MRVL) is nearing a deal to buy Inphi Corp. (IPHI) for about $10 billion, the Wall Street Journal reported citing people familiar with the matter.

Marvell will reportedly pay 60% of the acquisition in stock, with the rest in cash. The companies could announce a deal as soon as Thursday, assuming the talks don't fall apart.

In Thursday pre-market trading, IPHI was trading at $152.00, up $41.03 or 36.97 percent.

On Tuesday, Advanced Micro Devices (AMD) agreed to acquire Xilinx in an all-stock transaction valued at $35 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chico's FAS Inc. (CHS) Tuesday reported a wider year-over-year net loss for the fourth quarter. Meanwhile, Kohl's Corp.'s (KSS) fourth-quarter net income grew 29 percent from the previous year. But Abercrombie & Fitch Co.'s (ANF) fourth-quarter net income decreased 1 percent from the prior year. The U.S. Food and Drug Administration has approved the marketing of a new robotically-assisted surgical device (RASD) that can facilitate transvaginal hysterectomy in certain patients using minimally-invasive surgical instruments. The Hominis Surgical System of Memic Innovative Surgery Ltd., the U.S. subsidiary of Israeli biotechnology company memic Ltd., has been granted marketing authorization. Canadian cannabis company Canopy Growth Corp. (CGC, WEED.TO) announced Tuesday the launch of its Cannabidiol (CBD) beverage brand Quatreau in the high-potential U.S. market. Quatreau will be sold on Canopy's one-stop U.S. e-commerce destination, www.shopcanopy.com. Quatreau is a premium ready-to-drink...
Follow RTT