M&A - Marvell Technology, Inc.

Form Type: 8-K

Filing Date: 2025-04-08

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525074816

Filing Summary: On April 7, 2025, Marvell Technology, Inc. announced that it has entered into an Asset Purchase Agreement with Infineon Technologies AG. Under this agreement, Infineon will acquire Marvell's automotive ethernet business and related assets for a cash price of $2.5 billion. The acquisition includes a license for certain intellectual property and temporary transition services post-transaction. The Board of Directors of Marvell has approved the transaction, which is expected to close within the calendar year 2025, pending customary closing conditions and regulatory approvals. A press release detailing the transaction was issued and is included as Exhibit 99.1.

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