More on Marvell/KKR

|About: Marvell Technology Group, Ltd. (MRVL)|By:, SA News Editor

Bloomberg has joined the Daily Telegraph in reporting KKR has acquired a ~5% stake in Marvell (MRVL +9.2%). The news service also reports KKR has discussed taking the chipmaker private in partnership with CEO Sehat Sutardja and his brother Pantas. Pantas is Marvell's CTO, and Sehat's wife, Weili Dai, is its president.

A Bloomberg source says an LBO is being considered, but adds no deal is imminent.

The Sutardja brothers own 20% of Marvell, and David Einhorn owns 9%.