MW Marvell Technology stock is jumping. An M&A report is the trigger.
By Steve Goldstein
Marvell Technology shares surged in premarket trade.
Shares of Marvell Technology rallied in premarket trade on Thursday after a report that SoftBank considered buying the U.S. chipmaker in what would have been a record deal.
Bloomberg reported that SoftBank made an "overture" to Marvell several months ago but that the two sides couldn't agree on terms. While the two sides aren't currently in active talks, the report said it's possible the interest could be revived as SoftBank's founder Masayoshi Son regularly looks at deals.
SoftBank's idea was to buy Marvell and then merge it with ARM, the chip designer that it mostly owns. None of the companies commented to Bloomberg.
Marvell stock $(MRVL)$ jumped 9% in premarket trade. ARM $(ARM)$, which separately reported earnings late Wednesday, rose 6%.
SoftBank shares (JP:9984) rose 3% in Tokyo trade.
-Steve Goldstein
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November 06, 2025 04:59 ET (09:59 GMT)
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