Marvell hands Google a $12.2bn share option in a custom-chip deal

Marvell Technology has agreed to give Google the right to buy up to $12.2 billion of its shares. In return, Google will buy its custom chips. The chipmaker set out the deal in a regulatory filing on Wednesday. Its stock jumped as much as 14 percent on the news. The warrant lets Google buy 58,970,907 […]
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