HomeMarket NewsLumentum to acquire Cloud Light in ~$750M deal

Lumentum to acquire Cloud Light in ~$750M deal

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Lumentum Corporate Headquarters in San Jose, California, USA

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Lumentum (NASDAQ:LITE) is acquiring Cloud Light Technology in a deal valued at about $750M.

The acquisition is expected to accelerate Lumentum’s push into the fast growing segments of optical modules used in cloud computing data center infrastructure, according to the company.

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