Marvell Technology Group Ltd. is nearing a deal to acquire Inphi Corp. for about $10 billion, according to a person familiar with the matter, adding to an already record year for chip industry deals.
Marvell will pay 60% of the acquisition in stock, with the rest in cash, the person said. An announcement could come as soon as Thursday, said the person, who asked not to be identified as the information is private.
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Source: The Loadstar