http://www.prnewswire.com/news-releases/marvell-completes-divestiture-of-wi-fi-connectivity-business-to-nxp-300970797.html

SANTA CLARA, Calif., Dec. 6, 2019 /PRNewswire/ -- Marvell (NASDAQ: MRVL) today announced the completion of the sale of its Wi-Fi Connectivity business to NXP (NASDAQ: NXPI). The divestiture encompasses Marvell's Wi-Fi and Bluetooth technology portfolios and related assets.

Updated Revenue Guidance Marvell is updating its current quarter revenue guidance to reflect the Wi-Fi Connectivity business sale to NXP. The Company now anticipates fourth quarter FY20 revenue of $710 million +/- 3% vs. original guidance for $750 million +/- 3% as provided at the time of the third quarter earnings announcement on December 3, 2019.