Marvell Technology stock is jumping. An M&A report is the trigger.
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Marvell Technology shares surged 9% in premarket trading following a report that SoftBank considered acquiring the U.S. chipmaker. Although discussions between the two companies stalled months ago, there is potential for renewed interest. SoftBank's plan involved merging Marvell with ARM, which it predominantly owns. ARM's stock also rose 6%, while SoftBank shares increased by 3% in Tokyo.
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