Latham & Watkins Advises Celestial AI in Acquisition by Marvell Technology

Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, has announced two strategic acquisitions that represent a transformational milestone in accelerating the company’s connectivity strategy for next-generation AI and cloud data centers. Marvell has entered into a definitive agreement to acquire Celestial AI, a pioneer of a disruptive Photonic Fabric technology platform purpose-built for scale-up optical interconnect. In addition, Marvell has agreed to acquire XConn Technologies (XConn), a provider of advanced PCIe and CXL switching silicon.

Latham & Watkins LLP represented Celestial AI in the transaction with a corporate team led by Bay Area partners Mark Bekheit and Jim Morrone, with associates Shannon Cheng, Amy Lutfi, Tim Schubert, Joanna Yam, with assistance from Ariana Alemi and Genie Yae. Advice was also provided on benefits matters by Bay Area partner James Metz, Washington, D.C. counsel Laura Szarmach, and associate Nimra Syed; on emerging growth matters by associates Erica Kucharski and Lou Jeffers; on tax matters by Bay Area partner Grace M. Lee, with associates Jacob Meninga and Dennis Poehland; on antitrust matters by Bay Area partner Joshua Holian, Washington, D.C. partner Patrick English, Hamburg partner Jana Dammann de Chapto, and associates Rebecca Frumento, Panos Kokkinidis, and Sadie Goering; on labor matters by New York counsel Sandra Benjamin; on intellectual property matters by Bay Area counsel Arielle Singh, with associates Ryan Sanders and Gaby Forte; on data privacy matters by Houston partner Robert Brown, with associates Diya Jajal and Madhavi Nambiar; on anti-bribery and anti-corruption matters by Washington, D.C. partner Erin Brown Jones; on export controls matters by Washington, D.C. partner Andrew Galdes, with associates Matthew Crawford and Christine Kalpin; and on securities matters by Bay Area partner Richard Kim, with associate Annie Kim.