Marvell Technology stock is jumping. An M&A report is the trigger.

Dow Jones

2025.11.06 09:59

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Marvell Technology shares surged 9% in premarket trading following a report that SoftBank considered acquiring the U.S. chipmaker. Although discussions between the two companies stalled months ago, there is potential for renewed interest. SoftBank's plan involved merging Marvell with ARM, which it predominantly owns. ARM's stock also rose 6%, while SoftBank shares increased by 3% in Tokyo.

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 This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires 11-06-25 0459ET