The deal is expected to close in the first quarter of 2026, upon the receipt of necessary approvals.
Marvell Technology, Inc. (MRVL) said on Tuesday that it has entered into a definitive agreement to acquire Celestial AI for an upfront consideration of $3.25 billion, including both cash and stock.
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The company said that it would also pay Celestial AI equit yholders incremental contingent consideration of up to approximately 27.2 million shares of Marvell common stock, having a value of up to $2.25 billion, upon the achievement of certain revenue milestones.
The deal is expected to close in the first quarter of 2026, upon the receipt of necessary approvals.
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