Marvell Technology to buy Cavium for $6 billion

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(Reuters) – Chipmaker Marvell Technology Group Ltd (MRVL.O) said on Monday it would buy smaller rival Cavium Inc (CAVM.O) in a deal valued at about $6 billion as it seeks to expand its networking equipment business.

Marvell Semiconductor President and CEO Matt Murphy. REUTERS/Courtes y Marvell

Under the deal, Marvell will offer $40.00 per share in cash and 2.1757 of its shares for each Cavium share.

Reporting by Sonam Rai in Bengaluru; Editing by Arun Koyyur

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