Marvell is in advanced talks to acquire optics maker Lumentum, Bloomberg News reported Oct 28, citing people familiar, and a source told Reuters the same. A deal could be announced as soon as next week, though talks are private and no agreement has been reached. Lumentum rose about 9% after hours and Marvell fell more than 8%, per Reuters.
A deal could be announced as soon as next week, according to the reports.
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Guidewire said Oct. 27 it signed a definitive agreement to buy London-based hyperexponential, an AI underwriting and pricing software provider for commercial insurers, for $1.7 billion in cash plus up to $400 million tied to recurring-revenue targets. Guidewire plans to fund the deal with $1 billion in new term loans from Bank of America and Citibank plus cash on hand. It expects the deal to close in its fiscal second quarter of 2027 and to have no impact on its first-quarter guidance.
Samsung reported record third-quarter operating profit of 107.4 trillion won and said it is the world's first tech company to exceed 100 trillion won in quarterly operating profit. Its chip division earned 106.5 trillion won of that, and Samsung said on its call it expects 2027 results to surpass 2026.
PlayStation has announced the Prism Collection, a lineup of transparent DualSense wireless controllers and matching PS5 console covers in three colors: Flare Orange, Emerald Green, and Graphite Gray. Sony said pre-orders begin November 10, 2026, with the collection launching starting February 4, 2027.
SAP and NTT said Oct. 28 they intend to cooperate on SAP Sovereign Cloud and SAP Business AI. As a first step, they plan to combine SAP Sovereign Cloud On-Site with NTT-managed infrastructure and operations for customers in unnamed "key markets." The companies did not announce financial terms, named markets or a timeline.
SK hynix reported record third-quarter operating profit of 83.33 trillion won, more than seven times the year-earlier level, on AI memory demand. The company said its roughly 100 trillion won 2026 shareholder-return total includes a 40 trillion won buyback announced in August, and approved a 14 trillion won dividend and a 20 trillion won buyback.
