UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On May 6, 2019, Marvell Technology Group Ltd. (“Marvell”) issued a press release announcing that it entered into a definitive merger agreement to acquire all outstanding shares of Aquantia Corp. (“Aquantia”) common stock. On September 19, 2019, Marvell issued a press release announcing that it completed the acquisition of Aquantia. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 19, 2019
| MARVELL TECHNOLOGY GROUP LTD. | ||
| By: |
/s/ Mitchell Gaynor | |
| Mitchell Gaynor | ||
| Executive Vice President, Chief Administration and Legal Officer and Secretary | ||
Exhibit 99.1
Marvell Completes Acquisition of Aquantia
Accelerating Multi-Gig Ethernet Technology Leadership
SANTA CLARA, Calif. (September 19, 2019) Marvell (NASDAQ: MRVL) today announced that it has completed its acquisition of Aquantia, Corp. (NYSE: AQ). Aquantia pioneered Multi-Gig technology now the basis for high speed networking in a broad range of applications from enterprise campuses to autonomous cars. Marvells combined portfolio of industry-leading PHYs, switches and processors creates an unparalleled networking platform and enables customers to develop systems that span megabits to terabits per second.
Our acquisition of Aquantia adds highly innovative networking solutions and tremendous engineering talent, allowing us to create an industry-leading mixed signal design team with a well-established track record of execution, said Matt Murphy, president and CEO of Marvell. Were now better positioned to capitalize on market opportunities spanning our enterprise, data center and automotive customers. In particular, Marvell is poised to transform high speed in-vehicle networking and ultimately empower the future of autonomous driving.
As part of the acquisition, Aquantias Chairman and CEO, Faraj Aalaei, is joining Marvell in a senior leadership position.
About Marvell
Marvell first revolutionized the digital storage industry by moving information at speeds never thought possible. Today, that same breakthrough innovation remains at the heart of the companys storage, processing, networking, security and connectivity solutions. With leading intellectual property and deep system-level knowledge, Marvells semiconductor solutions continue to transform the enterprise, cloud, automotive, industrial and consumer markets. To learn more, visit: https://www.marvell.com.
Marvell Media Relations
Kristin Hehir
Senior Manager, Public Relations
408-222-8744
Hanna Kang
Senior Manager, Public Relations
408-222-3780