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Benzinga
Benzinga
Business
Eva Mathew

Marvell Technology Shares Jump 9.8% Pre-Market After Report Says Japan's SoftBank Mulled Takeover Of US Chipmaker (UPDATED)

SoftBank Marvell Nasdaq United States Arm Holdings Marvell Technology Marvell Technology Inc SoftBank Group Corp AMD OpenAI
Santa,Clara,,California,Us,-,September,21,,2024:,Marvell,Technology,

(Editor’s note: The headline and story were updated to include MRVL’s stock move premarket)

SoftBank Group Corp. (OTC:SFTBY) explored a potential takeover of U.S. chipmaker Marvell Technology Inc. (NASDAQ:MRVL) earlier this year, with the idea of combining it with Arm Holdings (NASDAQ:ARM), the UK chip designer that it controls, according to a report.

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