Google Secures Option to Buy Up to $12B Worth of Marvell Shares

Alphabet Inc's Class A stock price today closed at $344.24 after a relatively flat day, with a mere 0.01% gain from yesterday.

The news that sparked some movement in the market was the deal between Google and Marvell Technology Group, where Google has secured the option to purchase up to $12.2 billion worth of Marvell shares.

As part of this agreement, Google will own around 7% of Marvell's outstanding shares.