US stocks abnormal movement | Marvell Technology (MRVL.US) rises more than 3%, Softbank's acquisition intention attracts attention again.
According to the Smart Finance APP, on Thursday, Marvell Technology Group (MRVL.US) surged more than 5% at one point during trading, and as of the time of publication, it had risen by more than 3% to $95.95. Informed sources revealed that SoftBank Group had earlier this year discussed the possibility of acquiring Marvell Technology. If the deal were to be reached, it would be the largest merger in the history of the semiconductor industry. Sources said that SoftBank's intention to acquire Marvell is to merge it with its subsidiary, the UK chip design company Arm. Some sources indicated that although Marvell and SoftBank are not currently in active negotiations for the deal, the possibility of restarting the acquisition still exists. The sources mentioned that Masayoshi Son often evaluates dozens of potential transaction opportunities at the same time, but in most cases, he does not take actual action.
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