Marvell Technology Group to acquire Aquantia for $452m.

Marvell Technology Group, a infrastructure semiconductor solutions provider, agreed to acquire Aquantia, a Multi-Gig Ethernet connectivity firm, for $452m. Under the terms of the deal Marvell will acquire all outstanding shares of Aquantia common stock in exchange for consideration of $13.25 per share in cash. "Our acquisition of Aquantia will fuel Marvell's leadership in the transformation of the in-car network to high-speed Ethernet over the next decade. At the same time, Aquantia extends our reach in the rapidly emerging Multi-Gig segment of network infrastructure and creates a leading end-to-end Ethernet connectivity portfolio," Matt Murphy, Marvell President and CEO.