Marvell to acquire Celestial AI for $1.0 billion in cash and about 27.2 million shares

What the company reported

• On December 2, 2025 it agreed to acquire Celestial AI with upfront consideration valued at about $3.25 billion.
• At closing it pays $1.0 billion in cash and about 27.2 million shares, valued at $2.25 billion.
• Up to about 27.2 million more shares, valued at up to $2.25 billion, are payable if revenue milestones are met.
• The board approved the deal, which is expected to close in the first quarter of calendar 2026 subject to closing conditions.