RTTNews | Oct 29, 2020 05:17AM EDT

05:16 Thursday, October 29, 2020 (RTTNews.com) - Marvell Technology Group Ltd. (MRVL) is nearing a deal to buy Inphi Corp. (IPHI) for about $10 billion, the Wall Street Journal reported citing people familiar with the matter.

Marvell will reportedly pay 60% of the acquisition in stock, with the rest in cash. The companies could announce a deal as soon as Thursday, assuming the talks don't fall apart.

In Thursday pre-market trading, IPHI was trading at $152.00, up $41.03 or 36.97 percent.

On Tuesday, Advanced Micro Devices (AMD) agreed to acquire Xilinx in an all-stock transaction valued at $35 billion.

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